US Bank’s Private Client Reserve, which targets clients with at least $1 million in investible assets, has appointed a senior portfolio manager and a trust officer in Minneapolis, MN.

Paul Springmeyer, senior portfolio manager, has over 16 years of investment experience and was previously a portfolio strategist within US Bancorp’s asset management group. In that role, he was responsible for the firm’s research and due diligence of investment vehicles including separately-managed accounts, mutual funds and exchange-traded products.

Before joining US Bancorp, Springmeyer worked at UBS Financial Services and Piper Jaffray.

Meanwhile, John Ostrand, a trust officer, will administer trusts for high net worth clients and coordinate financial, tax, investment and legal services for both his clients and trusts.  

Prior to joining US Bank, Ostrand worked as a senior trust officer, portfolio manager and wealth advisor at US Trust’s Minneapolis office. He also spent several years as a branch manager at Charles Schwab & Co in St Paul, MN, where he also managed offices in Rochester and Sioux Falls.

In other recent moves at US Bank's PCR, further south last week the unit hired Robert Stevenson as a managing director for Florida and a senior portfolio manager in Palm Beach. In February, Mary Justice was brought in to serve as market leader in the greater Seattle area.