Ott, who previously served as central region president and Twin Cities market leader for the PCR, will also become a member of US Bank’s Wealth Management Executive Committee.

Ott joined Minneapolis-based US Bank in 2009 as head of investments for the PCR in Twin Cities. He was named Twin Cities market leader in 2010 and appointed central region president in 2011.

During his 18-year career in financial services, Ott held a number of other leadership roles in institutional and private asset management, and institutional equity sales. He also served as the head of equity research at Piper Jaffray in Minneapolis.

The PCR serves individuals, families and foundations with investable assets of a least $1 million. It has 37 offices in 19 states and employs 1,300 financial professionals.

Last week, Leela Rao was appointed as director of business strategy - a role in which she will design and implement business strategies that will contribute to client acquisition, client retention and business growth.