People Moves
Fiduciary Trust Hauls In HNW Duo From US Trust
Fiduciary Trust has hired former U.S. Trust advisor Kimbrough Towles as an investment consultant in New York. She reports to the firm's wealth management head Gail Cohen.
Also joining Fiduciary Trust's
investment team from U.S. Trust is Debra Feeks, who steps into
the role of relationship manager.
"The demand for full-service wealth
management capabilities continues to grow in the current market
environment as investors look for trusted partners with
demonstrated expertise in safekeeping and growing client assets,"
says Fiduciary Trust's president and co-chief executive Henry
Johnson. "Kimbrough and Debbie have distinguished themselves as
trusted consultants to wealthy individuals and families, and
we're delighted to have them join our organization to work with
our clients and their advisors."
Johnson will become Fiduciary Trust's
president and sole CEO on 1 October 2009 when the firm's chairman
and co-CEO James Goodfellow gives up his day-to-day management
responsibilities with the firm.
Towles was senior senior portfolio
manager with
Bank of America's U.S. Trust unit, where she managed wealthy
individual, families and foundations. Feeks comes to Fiduciary
Trust with more than 30 years of experience in financial
service.
Fiduciary Trust, a subsidiary of San
Mateo, Calif.-based asset manager
Franklin Templeton, has offices in New York, San Mateo,
Calif., Los Angeles, Washington, D.C., Wilmington, Del., Miami,
London, Hong Kong and Grand Cayman. Franklin Templeton had $448.7
billion in assets under management at the end of May 2009.
