Bessemer Trust continues to strengthen its operations with another key hire in San Francisco.

Kennen Hagen joins the branch as a managing director and head, reporting to Mark Lipson, the western region head. In this new role, he is responsible for wealth management services for clients in Northern California and the Pacific Northwest.

Prior to the appointment, Hagen was an independent advisor for private equity firms, the founder and managing partner of Lakeside Capital, and a telecom executive. He has also served as an investment banker at Montgomery Securities and Robertson Stephens.

Bessemer Trust is a privately-owned wealth and investment advisory firm that has over $64 billion in assets under management.