Sandven will report to the chief investment officer of US Bank Wealth Management, Tim Leach.

As the chief equity strategist, Sandven will build and lead the strategic equity management team that manages individual stocks not managed by third-party managers for all client accounts of Ascent Private Capital Management of US Bank, the UHNW unit of US Bank Wealth Management.

Additionally, he will lead the equity workgroup, which supervises equity investment policy and strategic process and will serve as the primary source of information about equity investment at US Bank Wealth Management.

Prior to joining US Bank Wealth Management, Sandven was with Piper Jaffray, where he had served for more than 18 years, most recently serving as the head of product management.

Commenting on the appointment, Leach said: "Terry brings a strong background in overseeing comprehensive equity strategies to his new position. His expertise in equity management will help position U.S. Bank Wealth Management as a leading industry voice on developments within the equity markets."