Chilton Trust, which operates in multiple US locations, now has $5.0 billion in client AuM.

Chilton Trust, the US wealth management group, has named Pepper Anderson as its chief executive, with immediate effect. She takes over from Garrison duP. Lickle, who will become vice chairman. Lickle has held the post since it was established in 2010.

Lickle's tenure has coincided with Chilton's growth - it now oversees $5 billion in assets under management on behalf of 110 families.

Prior to joining Chilton, Anderson spent more than 20 years with JP Morgan Private Bank, where she most recently served as managing director and market manager for Connecticut and Westchester County, New York.

“Chilton Trust clients have unique, sophisticated financial lives and they require and deserve more than simple money management,”  Richard L Chilton, Jr, Chilton Trust’s founder, chairman and chief investment officer of equities, said.

Anderson is based in the firm's New York City office and Lickle will remain in the firm’s Palm Beach office where its fiduciary business is located.

(Note: Chilton Investment Company (which is a separate entity from Chilton Trust) was established by founder, Richard Chilton, Jr, in 1992. In 2010, Richard Chilton, Jr founded Chilton Trust, with Garrison duP. Lickle serving as president and CEO of the firm, until Pepper Anderson’s recent appointment.)