U.S. Trust, Atlantic Trust ramp up recruiting

U.S. Trust Corp., the private banking unit of Bank of America Corp., has hired five senior-level wealth management experts as part of the firm's bid to hire more than 200 advisers and bankers this year.

U.S. Trust Corp., the private banking unit of Bank of America Corp., has hired five senior-level wealth management experts as part of the firm’s bid to hire more than 200 advisers and bankers this year.
Tom Finney, a former managing director at Wilmington Trust, was hired as Baltimore market director at U.S. Trust, an affiliate of Bank of America’s Global Wealth and Investment Management unit. Coming from U.S. Bank are Jan Carmen, a private client adviser, and Kevin Hilderman, a private client manager. Both will be based in San Diego.
Kevin Ta, formerly a senior trust and fiduciary specialist with Wells Fargo Private Bank and its predecessor, Wachovia Trust, has been made market trust director of U.S. Trust for the Greater Washington region, which includes offices in McLean, Va., Washington, and Chevy Chase, Md.
Ned Muskie, the youngest son of former Maine senator Edmund S. Muskie, has been made a private client adviser serving the Washington area, while Susan Gumbiner, a former director and investment strategist at Citigroup Inc., was hired as a senior portfolio manager in Houston.
Separately, Atlantic Trust — the private wealth management division of Invesco Ltd. — said today that it has made hires to add to its capabilities in two areas: due diligence for outside investments, and its proprietary master limited partnership investment offering.
Adam Karpf, formerly head of MLP research at Magnetar Capital, and before that worked as an analyst at Lehman Brothers Holdings Inc. covering the sector, which involves investing in oil and gas infrastructure. He will be based in New York and is the third addition to Atlantic Trust’s MLP team in four years, the firm said.
Clayton Santimore has joined Atlantic Trust as a senior investment analyst in the firm’s multimanager investment program, in which it performs due diligence on outside investments and managers for clients. Most recently, Mr. Santimore had been a senior portfolio analyst at Fidelity Management and Research Co.
Atlantic Trust has almost $5 billion in assets with approximately 100 external managers, and overall, more than $15.6 billion in assets under management, it said.