US Bank Wealth Management has named Mike Ott as president of its high-net-worth business called, The Private Client Reserve.
The bank said that Ott will also become a member of its Wealth Management Executive Committee.
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He previously served as Central Region president and Twin Cities Market Leader for The Private Client Reserve.
Ott joined U.S. Bank in 2009 as head of investments for The Private Client Reserve, Twin Cities. He was named Twin Cities Market Leader for The Private Client Reserve 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, institutional equity sales, and also served as the head of equity research at Piper Jaffray in Minneapolis.
Mark Jordahl, president of U.S. Bank Wealth Management, said, "Mike’s wealth management expertise and creative and collaborative nature make him a perfect fit for this critical leadership position.
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By GlobalData"He has been deeply involved in helping build The Private Client Reserve and brings strong depth of knowledge and a passion for the wealth management business."
The Private Client Reserve has 37 offices in 19 US states and employs 1,300 financial professionals.
