US Bank has appointed 27-year JP Morgan veteran David Mook as chief private banking officer at its wealth management business. He will focus on high and ultra high net worth clients.

US Bank has appointed David Mook as chief private banking officer at its wealth management business.

Mook is charged with driving growth at US Bank Wealth Management, which comprises three business lines serving clients of various net worth.

He will lead private banking services such as product management, credit underwriting and portfolio management.

He is a member of the wealth management executive committee and reports to Mark Jordahl, president of US Bank Wealth Management.

Mook, a JP Morgan veteran, will focus on the high net worth and ultra high net worth businesses of US Bank as well as serving family-owned and controlled businesses.

At JP Morgan, Mook was latterly regional capital advisory practice lead of private banking for the Midwest, West and California. Before that he was the private bank’s capital advisor for private wealth management. He has also served as a senior underwriter for middle market banking. Overall, he was with the Wall Street firm for 29 years.

He joins US Bank at a time when the Minneapolis-based firm has been hiring for its high net worth and ultra high net worth businesses at some pace.

US Bank serves its wealth management clients through three distinct business lines: Ascent Private Capital Management, set up in April 2011 for the wealthiest clients, with over $50 million in investable assets; The Private Client Reserve, which serves clients with over $1 million in investable assets; and The Private Client Group, which serves clients with more than $100,000 of investable assets.

Back in July 2010, the bank hired Michael Cole from Wells Fargo to build out the ultra high net worth division. The first two Ascent offices in Minneapolis and Denver began operations in November 2011, while two additional offices in Seattle and Cincinnati were opened in 2012. Another office in San Francisco is set to open in 2013.

Since the start of the year it has ramped up its ultra high net worth offering in the Midwest, bringing in four managing directors for Ascent in Cincinnati, OH, and announced it is aggressively expanding its high net worth unit in Naples, FL, after it relocated to new offices there.