Bank of America's US Trust has created and filled a new leadership position in recognition of the crucial role philanthropy and family wealth services play in an overall wealth management plan.

Bank of America's US Trust is channeling more resources to its philanthropy and family office service efforts by appointing Ann Limberg to head up these areas in a newly-created role at the firm.

The philanthropy and family office lines were previously overseen by US Trust's chief fiduciary executive, Chris Heilmann, whose role entails responsibility for trust offices and family wealth services.

The new post -  head of philanthropic solutions and the family office - is a dual leadership position created because the firm sees significant opportunity in these fields.

Limberg will report to Keith Banks, president of US Trust.

As head of philanthropic solutions, she will oversee strategic, fiduciary and administrative services aimed at helping individuals and families manage their philanthropic capital. She will also lead US Trust’s direct engagement with non-profit organizations, overseeing areas including investment policy, governance, board and staff education.

Meanwhile, in her family office role, Limberg will oversee US Trust's wealth management offering for multi-generational families, while directing the practice’s coordination with clients' advisors.

Limberg has worked at Bank of America since 2004 and was latterly US Trust's Northeast division executive, spanning 20 offices in nine states. Previous posts she has held include regional executive focused on the New Jersey, Pennsylvania and Delaware markets - while simultaneously serving as New Jersey state president for Bank of America. During her career, she has also worked at Fleet Boston Financial, NatWest and Citibank.

Limberg's former role as US Trust's Northeast division executive was taken over by Lisa Carnoy, who was appointed as division executive for the Northeast and Metro New York areas - see here.

US Trust provides investment, trust, banking and lending services to high and ultra high net worth clients. It is part of Bank of America's global wealth and investment management unit.