Bessemer Trust has worked with clients in Seattle and the surrounding areas for many years, making this a natural extension of its business, the firm's chief executive, Marc Stern, said.

Bessemer Trust has launched its 17th US office – in Seattle, WA, to serve as its “hub” in the Pacific Northwest.

Steve Kutz, managing director and head of the Seattle office, is responsible for developing client relationships in the Pacific Northwest as well as managing advisory teams in the region. Before joining the multi-family office, Kutz was a managing director and regional executive for the Pacific Northwest at JP Morgan Private Bank.

Joining Kutz in the Seattle office is Brian Schlusselberg, a principal and senior client advisor who will work with Dorothy Tran, vice president and client advisor. Bessemer’s West Coast investment strategist, Joseph Tanious, will also be a key member of the team.

Founded in 1907 by Henry Phipps, the co-founder of Carnegie Steel, Bessemer Trust oversees $103.4 billion for over 2,300 clients.