Bessemer Trust has named managing director Jeff Glowacki as its new Western region head, based in Los Angeles and reporting to George Wilcox, president. He replaces Mark Lipson, who retired from the role but remains a senior advisor to the firm.

Bessemer Trust has named managing director Jeff Glowacki as its new Western region head, based in Los Angeles and reporting to George Wilcox, president. He replaces Mark Lipson, who retired from the role but remains a senior advisor to the firm.

In a related move, the wealth management firm has named managing director Robert Ludricks as regional director of the Los Angeles office, reporting to Glowacki.

In his new role, Glowacki - who previously managed the Los Angeles branch as regional director and managing director - will oversee client service and relationship initiatives that originate from Bessemer’s Los Angeles and San Francisco, CA, offices.

He joined Bessemer in 2005 as a senior vice president and regional manager for Comerica Wealth Management in Beverly Hills, CA. Earlier, he was a Western regional manager for JP Morgan, following ten years with Citibank Private Bank in Los Angeles and New York.

Meanwhile, Ludricks will manage client advisor teams providing investment management, legacy planning, trust administration, tax planning, real estate advisory, private banking and other financial services. Additionally, he oversees all new business activity in the Southwest. Ludricks joined Bessemer in 1997 and most recently was a senior client advisor in New York, having started his wealth management career as a client advisor at US Trust.

Last week, Bessemer Trust won the multi-family office (national) category at the inaugural Family Wealth Report Awards. The firm also won best fund manager and outstanding contribution to wealth management thought leadership – group A. See the full list of winners here.