U.S. Trust has tapped William Brennan to take over sales duties from Roderick Williams, who is leaving the firm to pursue other opportunities in January. Though Williams, a senior vice president and national sales manager, confirmed his coming departure, he declined to elaborate on the details of his next job.

Brennan, a managing director, will continue to head the firm's wrap account and institutional business, according to an industry source.

U.S. Trust is owned by Charles Schwab & Co. and markets its 29 no-load mutual fund products under the Excelsior Funds brand. The funds are distributed by Edgewood Services.  

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