Trustmark is building eyeing the affluent market as a way to build its investment unit. As part of the effort, the firm recently hired William (Bill) Helms as the president of its Investment Services Division. The unit handles investment, wealth management and trust services.

Trustmark Investment Service currently manages $2.5 billion in discretionary assets and is a fiduciary for $8.5 billion in assets.

Helms joins the Jackson, Mississippi-headquartered bank from Bank of America, where he had spent 16 years and was most recently co-president of the private bank unit based in Atlanta.

"Bill will play an integral role in the growth of Trustmark. He will be instrumental in helping Trustmark focus on continuing our transition from a traditional bank to a financial services company providing banking, investment and risk management services," said Richard Hickson, chairman and chief executive of Trustmark.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE