Wells Fargo Private Bank has hired Tony Orme as senior vice president and business market segment manager for the San Francisco region, the San Francisco Chronicle reports.

Orme joins the company from Bank of Hawaii, where he oversaw business generation for the bank’s wealth management management unit, the report said.

In other recent news at the firm, Wells Fargo recently announced that its wealth management, brokerage, and retirement division logged a net income of $270 million in the second quarter of 2010, a 5 per cent increase on the previous year.