People Moves

Bank of the West Hires CFO For Wealth Unit

Eliane Chavagnon Reporter May 17, 2012

Bank of the West Hires CFO For Wealth Unit

Bank of the West, the
US-based subsidiary of BNP Paribas, has appointed Scott Cripps as
chief fiduciary officer within its wealth management group.

In his new role, Cripps oversees the group’s fiduciary responsibilities to its
affluent and high net worth clients. 

“The addition of Cripps
to the team comes as part of the group’s overall efforts to augment its
personal trust and estate planning expertise as it prepares for continued
growth and expansion,” the San Francisco, CA-based bank said in a statement. 

Cripps’ past positions
include serving as CFO for Citizens Bank’s wealth management business, as well
as senior trust, tax and estate planning advisory roles at Charles Schwab &
Co, Grant Thornton and The Private Trust Company.

In other recent
developments, the bank launched a private mortgage banking
service for its affluent and HNW clientele in April.

Bank of the West Wealth
Management provides wealth planning consulting, investment management, personal
banking, and trust services.

The group has over 6,000
professionals in 30 countries, with nearly $10 billion in assets under
management in the US and $322 billion in AuM globally, as of 31 December. 

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