The hires all join the firm from JP Morgan Private Bank.

Citi Private Bank has hired three senior executives to join its teams in San Francisco and Palo Alto. Chad Thomas, Jay Backstrand and Derek Prill will join as a team of ultra-high net worth private bankers. They will all report to Hoyt Gier, head of Western Region – North. 

Prill joins Citi PB effective immediately and will be based in the San Francisco office. Both Backstrand and Thomas will join next month, with Backstrand based in the Palo Alto office and Thomas will split time between San Francisco and Palo Alto.

Thomas and Backstrand will join Citi Private Bank from JP Morgan Private Bank, where they were managing directors and private bankers serving ultra-high net worth clients and overseeing multi-billion dollar portfolios. They led large teams of specialists to deliver wealth management services to its West Coast clients. Prill also joins from JP Morgan where he was a banker associate. Prior to JP Morgan, he worked for Cleantech Group. where he held the roles of director of events and partnerships, and strategic account manager. 

“They are all top-tier professionals who are highly respected in this market, and welcoming them, along with the other key Northern California hires we have made in the last twelve months, is a testament to the commitment we have to the Bay Area and the community,” said Gier.

This publication recently reported that Citi Private Bank had appointed Kush Malhotra as regional market manager for Western Region.