The appointment is an example of how private banks regard family offices as important clients and continue to build out offerings.

Bank of America has appointed Harsh Agarwal as a managing director and family office strategist. Agarwal’s role is a newly-created one, the bank said in a statement.

Agarwal will deliver family offices solutions to ultra-high net worth families in partnership with private bank private client advisors and client teams. He lives in Dallas, Texas, and reports to Elizabeth Thiessen, head of family office solutions at Bank of America Private Bank.

Prior to his new role, Agarwal was a vice president and fiduciary wealth advisor at Bernstein Private Wealth Management where he advised ultra-high net worth families, business owners, corporate executives and charitable foundations. His experience includes having worked at Bank of America commercial banking, investment sales, real estate finance, and management consulting.

“Helping to deliver innovative, sophisticated, and cutting-edge services, Harsh is an important addition to our team as we guide families to create meaning and purpose for their wealth that lasts generations,” said Thiessen.

His hire follows that of Thiessen, who was appointed to her role early in 2022. She began her career at Bank of America in 1997 and has served in a series of leadership roles in sales performance, commercial banking and corporate banking. Most recently, she was the treasury sales executive for global transaction services for the private bank, directing the provision of treasury solutions for the firm’s most significant relationships. 

Agarwal graduated summa cum laude with dual degrees in computer science and business management from the University of Buffalo, New York. He sits on the boards or executive committees of the North Dallas Chamber of Commerce, TiE Dallas, US India Chamber of Commerce, and the Leukemia & Lymphoma Society of Dallas.