People Moves
US Bank Promotes President For The Private Client Reserve
US Bank Wealth Management has promoted Mike Ott to president of
the
Private Client Reserve, the firm's high net worth business.
Ott, who previously served as central region president and
Twin
Cities market leader for the PCR, will also become a member of US
Bank’s Wealth
Management Executive Committee.
Ott joined Minneapolis-based US Bank in 2009 as head
of
investments for the PCR in Twin Cities. He was named Twin Cities
market leader in 2010 and appointed central region president in
2011.
During his 18-year career in financial services, Ott held a
number
of other leadership roles in institutional and private asset
management,
and institutional equity sales. He also served as the head of
equity research at
Piper Jaffray in Minneapolis.
The PCR serves individuals, families and foundations with
investable assets of a least $1 million. It has 37 offices in 19
states and
employs 1,300 financial professionals.
Last week, Leela Rao was appointed as
director of business strategy - a role in which she will design
and implement business strategies that will
contribute to client acquisition, client retention and business
growth.
