Bank of America's US Trust is building out its outsourced CIO business with a senior hire from SEI Investments.

John Stuntebeck has joined US Trust as a non-profit institutional sales director, responsible for driving growth within the firm's outsourced CIO business throughout the southeast.

Stunteback was previously a regional director at SEI Investments, focused on new business development and marketing efforts. He specialized in endowments, foundations and non-profits.

At US Trust, he will report to Bernie Reidy, national philanthropic sales executive.  

“We are seeing a growing demand for outsourced CIO services from non-profits of increasing size and complexity. In response, US Trust is investing and expanding resources to serve foundations and endowments by hiring seasoned industry professionals such as John,” said Reidy.