Bessemer names new head for Southeast U.S. region

FWR Staff

21 July 2009

Bunce takes charge of MFO offices in Atlanta, Miami, Naples and Palm Beach. Multifamily office Bessemer Trust has given David Bunce broader responsibilities as head of its southeastern U.S. region with oversight of the firm's offices in Atlanta, Miami, Naples, Fla., and Palm Beach, Fla. He had been in charge of Bessemer's Naples office.

Replaces Shelley

Bunce replaces Thaddeus Shelly who left Bessemer a few months ago to guide Lazard's new Private Wealth Management group.

"David was asked to assume responsibility for our southeastern United States business in recognition of his extensive wealth-management background and his accomplishments as senior resident officer for our Naples office," says George Wilcox, Bessemer's client-service and sales chief.

Bunce joined Bessemer in October 2004. Before that, he was a region head with JPMorgan Private Bank, with responsibility for its Miami group. Prior to that, he provided investment and asset allocation advice to Citigroup Private Bank's largest clients in Los Angeles and then in New York.

New York-based Bessemer oversees about $50 billion for about 2,000 ultra-wealthy individuals, families and associated institutions. The 102-year-old firm is owned by its senior managers and the descendents of nineteenth- and twentieth-century U.S. industrialist and philanthropist Henry Phipps. -FWR

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