Bank of America’s U.S. Trust added a new sales director, as it continues to expand in the nonprofit marketplace.

John Stuntebeck joins U.S. Trust from SEI Investments, where he worked as a regional director with a specialization in endowments, foundations and nonprofits, according to the company. His tasks at U.S. Trust include growing the Southeast division’s outsourced CIO business, a segment where the company is seeing “growing demand,” it says.

Image: Bloomberg News
Image: Bloomberg News

Stuntebeck worked at SEI for 15 years, according to FINRA BrokerCheck records. SEI declined to comment on his departure.

Samuel Steinberger

Samuel Steinberger

Samuel Steinberger is an editorial intern with SourceMedia's Investment Adviser Group.