The Private Client Reserve of US Bank Wealth Management has hired Steven Hobbs as a senior portfolio manager in Minneapolis, MN.

Hobbs will develop investment portfolios for high net worth individuals and institutions with investable assets of more than $1 million.

With more than 25 years in the financial services industry, Hobbs has experience in investment management and trusts, working with HNW individuals and families, and institutional clients.

Before joining the PCR, Hobbs worked as a senior portfolio manager at US Trust, Bank of America, and prior to that as a portfolio manager for Wells Capital Management. Hobbs is a Chartered Financial Analyst and a member of the CFA Institute and CFA Society of Minnesota.

The firm has made several additions to the wealth management division in recent months, having appointed Scott Wiley as a senior private banking officer, working with HNW individuals and families in San Francisco, CA. It also hired Andrea Kaempf as a personal trust managing director in Seattle, WA.

US Bank's Private Client Reserve serves clients with at least $1 million in investable assets.