US Bank has appointed Michael Ott as central region president for the private client reserve unit. 

Ott adds to his current position as the Twin Cities (Minneapolis and St Paul, Minnesota) market leader of the same division. In his expanded role, he will lead a team of more than 300 investment, trust, private banking, advisory, and financial planning professionals representing over $15 billion in assets under management. Prior to US Bank, he was a managing partner at Somerset Asset Management in Minneapolis.

The private client reserve unit services high net worth individuals, families, and foundations with at least $1 million in investible assets. It is a part of US Bank's wealth management group, which services clients with $100,000 to above $100 million in investible assets.