Citi Private Bank has hired U.S. Trust executive Patricia McDermott as managing director and head of Connecticut and Westchester.
McDermott will be based in Greenwich, Conn. and report to Eastern regional executive Paul Hubert.
McDermott joins from U.S. Trust, where she was a managing director and market executive for Westport and New Haven, Conn. Before that, she served as a Connecticut market leader for BNY Mellon Wealth Management and Connecticut regional market executive for Bank of New York’s Putnam Trust division.
The appointment comes after Citi Private Bank named Morgan Stanley Private Bank executive Christopher Adams to the position of managing director of investment finance earlier this month.
Citi Private Bank targets ultra high net worth clients with $25 million or more in investable assets.