ETF News

UPDATE 1-US Trust hires eight wealth management executives

NEW YORK, Aug 20 (Reuters) - Bank of America Corp's BAC.N U.S. Trust added eight wealth management executives on Friday, part of a spate of new hires in the past few months to replace bankers lost to rivals.

The private banking unit recruited Brian Sharpe from BlackRock Inc BLK.N to take the market investment executive post in Washington.

Brett Rufkahr leaves TIAA-CREF to become a market executive for the St. Louis area.

The hires are the latest additions in the bank’s ongoing hiring campaign, U.S. Trust said in a statement.

U.S. Trust also hired six more executives across the country, including David Litvack from Fitch Inc Ratings, Carla Jackson from Morgan Stanley Smith Barney MS.N and Tom Tagliarini from SunTrust Banks STI.N.

The private bank has quickened its hiring pace after losing 37 professionals in the year through June 30. (Reporting by Liana B.Baker, editing by Matthew Lewis)