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"[People] don’t expect retirement to begin with social security and sit on the back deck in a lounge chair for the rest of their lives. This group really wants to remain active."

Jeff Cimini, head of personal retirement at Merrill Lynch

New Chief Operating Officer For Wealth Management At US Bank

Harriet Davies
Editor - Family Wealth Report

25 July 2012
Daily News Analysis

Minneapolis-headquartered US Bank has appointed Gailyn Johnson as chief operating officer for US Bank Wealth Management.

Johnson was most recently a senior managing director at Wells Fargo Advisor's direct financial solutions business, responsible for multi-channel investment services for mass affluent customers. She was with Wells Fargo for 23 years, based in San Francisco. During her time there she was also COO for Wells Fargo Wealth Management, leading a number of initiatives such as internet access to accounts.

Going forward, she will lead technology, operations and corporate shared services across all wealth management business lines at US Bank, reporting to Mark Jordahl, president of the wealth management business. She also joins the wealth management executive committee.

US Bank’s wealth management business comprises Ascent Private Capital Management, which serves clients with $25 million or more of investable assets; The Private Client Reserve, for those with more than $1 million of investable assets; and The Private Client Group, for those with more than $100,000 of investable assets.

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