Alabama-based Regions Bank has created a new wealth management unit that integrates its trust, private banking, and insurance operations.

The group will be led by Bill Ritter, who most recently served as senior executive vice president and central region president. His old post as central president will then be occupied by John Turner, previously the president of Whitney National Bank. Both will report to Grayson Hall, the president and chief executive.

Regions Financial Corporation has $132 billion in assets under management and serves 16 states across the South, Midwest and Texas. Regions Bank, its wholly-owned subsidiary, operates around 1,800 banking offices. It also has an investment and securities brokerage trust and asset management unit, Morgan Keegan.