Trust co. hires veteran wealth consultant for pivotal West Coast practice. Multifamily office Bessemer Trust has made former Merrill Lynch advisor Richard Vandenberg Jr. principal of its San Francisco office. He'll report to George Wilcox, head of Bessemer's West Coast operations.

Considerable momentum

"We expect Rick to build upon Bessemer's already considerable momentum in San Francisco, especially among families that seek to steward their wealth across multiple generations," says Wilcox, adding that San Francisco is important to Bessemer's long-term growth strategy.

In his previous role as a wealth advisor in Merrill's private-client group, Vandenberg was an advisor to ultra-high-net-worth clients on the West Coast. He also helped establish Goldman Sachs' private-client business in California and the Pacific Northwest.

"Rick has had exceptional success building wealth management practices, and has forged strong relation ships with prominent families," says Wilcox.

New York-based Bessemer oversees about $48 billion in assets. In addition to New York and San Francisco, the firm has offices in Chicago, Miami, Washington, D.C., Los Angeles, Naples, Fla., Palm Beach, Fla., Atlanta, Dallas, Wilmington, Del., Woodbridge, N.J., London and the Cayman Islands. -FWR

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