People Moves
Wachovia Advisors Defect, US Trust Grows

US Trust, Bank of America Private Wealth Management poached two private client advisors from rival, Wachovia, and appointed a new executive to head the wealth management operations for the state of Maine. The recent appointments bring the amount of individuals US Trust has appointed since the start of 2007 to more than 250, the firm said. Cara Hanna and Peter Hitt are the ex-Wachovia advisors who started with the firm. Ms Hanna, a former senior vice president and partner, is now private client advisor for the city of St Petersburg and Tampa; and Peter Hitt, former managing partner at Wachovia Securities Equity Capital Markets Division, is now a private client advisor based in Baltimore. The firm appointed Steve deCastro, city executive for the state of Maine based in Portland, responsible for the wealth management operations of the US Trust offices in Bangor and Portland. Mr DeCastro was formerly senior vice president and senior client manager with Bank of America’s Commercial Banking Division. In addition the wealth management firm appointed former senior vice president and client manager with Bank of America’s Global Commercial Banking in the Healthcare and Institutions Group, Lisa Marshall, as a private client manager, also in Tampa. Ms Marshall and Ms Hanna report to US Trust Market Executive for Tampa Bay, Joe Weaver. Based in Baltimore, Mr Hitt will report to US Trust Baltimore Market Executive, Laura Gamble. Mr DeCastro will report to US Trust Northern New England Market Executive and New Hampshire State President, John Weeks.