People Moves

US Bank Names Head Of UHNW Investment Unit

Vanessa Doctor 29 March 2011

US Bank Names Head Of UHNW Investment Unit

US Bank Wealth Management has appointed Daniel Rauchle - latterly of Wells Fargo & Co - as head of investment management for its ultra high net worth division.

Rauchle was latterly the president and founder of Wells Fargo Alternative Asset Management, a subsidiary of Wells Fargo & Co.

He has also served as head of the Wells Fargo Family Wealth Alternative Investment Group and as chairman of both WFAAM's investment advisory board and SEC-registered funds board.

In his new position at US Bank, Rauchle will lead the investment process and develop and head the group responsible for creating and implementing customized investment strategies for UHNW clients. This covers risk management, manager due diligence, asset allocation, portfolio construction, and communication on investment policy and trust and fiduciary issues.

In other recent news, earlier this month the bank appointed Scott Winget as senior managing director of wealth planning for its ultra high net worth group. He also joined from Wells Fargo. In his new role, which he took up on 21 March, he is responsible for developing and leading complex wealth planning, family education, governance and stewardship for US Bank’s UHNW clients.

US Bank's wealth management group serves UHNW clients with more than $25 million in investable assets; the private client reserve deals with high net worth clients with more than $1 million but less than $25 million; while the private client group serves affluent clients with at least $100,000 but less than $1 million.

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