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Wells Fargo Private Bank Makes Three Hires In Washington

Wendy Spires

9 February 2010

Wells Fargo Private Bank has made a trio of hires in the Washington, DC area. Al Behar has been appointed senior trust and fiduciary specialist and Jast Sohi has joined as a senior private banker, with the last of the new recruits being Eric Schoener, a wealth advisor.

In his new role Mr Behar is responsible for providing trust and agency account administration to Wells Fargo’s existing clients, along with developing new trust and estate service business relationships.

Mr Sohi joins Wells Fargo from US Trust Co, where he was head of banking and credit for the Washington, DC office. His new role is focused on banking and credit and the provision of banking relationship management for clients.

Finally, Mr Schoener specialises in working with high net worth individuals and families. He also joins from US Trust Co, where he led a team serving a select group of families.

“Al Behar, Eric Schoener and Jast Sohi bring the type of experience and trust our clients want. The continued expansion of our team at Wells Fargo Private Bank in Washington, DC is evidence of our commitment to providing each of our clients with personalized and unparalleled service across all areas of wealth,” Susan Traver, regional managing director for Wells Fargo Private Bank in Washington, DC, said in a statement.

Recruitment also looks set to gather pace at Wells Fargo’s brokerage arm, as Wells Fargo Advisors’ chief executive is reported to have said in an interview with Dow Jones last week that plans are afoot to add more than 1,400 brokers this year. Danny Ludeman said that 1,000 of these will be hired from other firms while the remainder will be trained in-house.

This compares to the 1,700 advisors and 400 trainees taken on by the firm last year.