Bessemer Trust has added Steven Dwyer to its Los Angeles, CA, office as a senior vice president and real estate asset manager.

Bessemer Trust has added Steven Dwyer to its Los Angeles, CA, office as a senior vice president and real estate asset manager.

Dwyer will manage all real estate assets held in clients’ trusts, reporting to Todd Dubovy, head of real estate advisory.

Prior to joining Bessemer, Dwyer held a similar role at US Trust - also in Los Angeles - overseeing client properties worth over $500 million. Before that, he worked at Hines Interests, in charge of real estate asset management for a private REIT, and at Sumitomo Life Realty NY as an executive vice president responsible for a national real estate portfolio.

Bessemer Trust focuses exclusively on ultra high net worth families and their foundations and endowments. The firm oversees $97.5 billion for approximately 2,200 clients. Last week, it reportedly appointed former Citigroup and Lyxor Asset Management veteran manager Frank Frecentese to its hedge fund advisory business.