US Trust, Bank of America Private Wealth Management has named two senior executives to key leadership positions in the organisation.
Thong Nguyen has been named as west division executive to lead the firm’s offices in California, Arizona, Nevada, Oregon and Washington.
Nguyen will be based in San Francisco and will report directly to Keith Banks (pictured), president of US Trust, Bank of America Private Wealth Management. Nguyen was most recently head of fiduciary solutions, leading trust, tax, estate and fiduciary organisations for Bank of America’s global wealth and investment management division.
Chris Heilmann has been named head of the fiduciary solutions group, the position previously held by Nguyen. Heilmann was most recently national fiduciary executive for US Trust. He will be based in New York.
"US Trust has been the private bank and trusted adviser to generations of America’s wealthiest families and individuals for more than 200 years. We continue that tradition by bringing two of the most talented executives in the wealth management business to these important roles in our organisation," says Banks. "Our clients and client service teams in the West will benefit tremendously from Thong’s strong leadership and knowledge of the needs of high-net-worth clients. Chris is highly respected as a leader in the industry who understands how to balance aggressive business growth with rigorous fiduciary risk management."
