Wells Fargo Private Bank has a new head of business advisory services following the retirement of its former leader last year.

John Bankson has been appointed as head of Wells Fargo Private Bank's business advisory services group, taking over from David Isaacson, who the firm confirmed retired last year  

The unit works with business owners and their advisors to develop a succession plan, value the business, sell the business or manage closely-held interests held in trust or agency accounts.

In his role, Bankson will be responsible for national leadership of the group, and growing its client base, which includes clients of The Private Bank and the ultra high net worth individuals, families and foundations that are clients of Wells Fargo’s Abbot Downing business.

Prior to his new role, Bankson served as Wells Fargo’s business banking manager for northeastern South Carolina. In his more than 32 years of experience in the financial services industry and 18 years with Wells Fargo and predecessor banks, he has held various roels including market president for Florence, SC.

He also served as commercial team leader, private banking team leader and regional banking relationship manager for various banks throughout the southeast.