The senior figure is rejoining the business he left in 2015.

US Bank Wealth Management has named Eric Sanderson as senior managing director of family office services for Ascent Private Capital Management, the company’s family office advisory and wealth management business for ultra-high net worth clients.

Sanderson, who will be based in Ascent’s Denver office, has 24 years of wealth management, family office and legal experience. 

He is returning to the company after serving as MD of wealth strategy at Ascent from August 2011 to March 2015. Most recently, he served as the head of wealth planning and family enterprise solutions for Bank of the West. 

The appointment is a coup for Ascent, which has seen a number of comings and comings in recent years. Shortly after blasting off the launch-pad in June last year, Cresset Family Office brought in eight senior industry figures to its group, with seven of the recruits coming from Ascent Private Capital Management of US Bank, joining their old colleague Michael Cole who leads this business.

Ascent Private Capital Management has offices in Cincinnati, Denver, La Jolla, Minneapolis, San Francisco and Seattle.