Kutz was previously managing director and regional executive at JP Morgan Private Bank for the Pacific Northwest, also based in Seattle and working with ultra high net worth clients, among others.

In his role at Bessemer, Kutz is responsible for developing client relationships and managing advisory teams serving clients in Washington, Oregon and Alaska. He will report to Jeff Glowacki, managing director and western region head.

Founded in 1907, Bessemer Trust is a privately-owned wealth and investment management firm that focuses exclusively on UHNW families and their foundations and endowments.

The firm oversees $101.1 billion for approximately 2,200 clients.

In other recent news, at the end of September Joseph Tanious was added as a principal and investment strategist in Los Angeles, CA.