People Moves
US Trust Expands Wealth Management Business With Series Of Hires

US Trust has made a series of hires for its wealth management
business.
The most recent was the naming of
Brett Rufkahr as marketing executive for its St Louis branch
in Missouri. The appointment is part of an ongoing initiative to
boost services for high and ultra high net worth clients across
the US.
Rufkahr, previously the head of the institutional trust
investment unit at TIAA-CREF, will lead six teams at US Trust,
which include private client advisors and managers. He reports
directly to Larry Otto, the midwest regional investment executive
based in St Louis.
"The greater St Louis area is one of the 20 largest areas in the
US and has a deep concentration of wealth. It is a key market for
US Trust, and we have made a strong commitment to it,"
Tim Maloney, central division executive, said in a
statement.
The appointment comes hot on the heels of several similar appointments across the country, including those of Brian Sharpe, latterly of BlackRock, as market investment executive for the Washington, DC office; Carla Jackson, from Morgan Stanley Smith Barney, as portfolio manager in St Louis; David Litvack, from Fitch Ratings, as fixed income strategist in New York City; Lynn Maaske, from US Bancorp, as market investment executive in Minneapolis, and Tom Tagliarini, from SunTrust Banks, as portfolio manager in Tampa.
US Trust operates under Bank of America's Global Wealth & Investment Management unit. It manages $308 billion in client assets.