The team will be headed by PNC Wealth Management director Felix Tankersly.

The team includes: Harvey Hutchinson, vice president and senior wealth planner; Dean Johnson, vice president and senior trust advisor; Bob Ireland, vice president and senior relationship manager; Maggie Tanner, vice president and senior banking advisor; Guillermo Araoz, senior vice president and senior investment advisor; Jeremy Burns, vice president and channel development advisor; and Heather Baker, vice president and relationship manager.

In other news, earlier this month PNC Financial Services Group reportedly announced it would close 200 branches, or 6.5 per cent of its total network, as part of a planned $700 million cut in expenses.

PNC Wealth management was ranked as the seventh-largest bank-held wealth manager in the US by Barron’s in 2012, according to the report.

In total, PNC Asset Management Group, including PNC Institutional Investments, has approximately $112 billion in assets under management. It operates 70 offices in 17 states and the District of Columbia.