Recent Bloomberg terminal data shows bank wealth management units have expanded real estate advisory services, contributing 2% to total AUM growth in May. This trend is expected to strengthen during real estate yield compression cycles. The effective date for these two positions will be announced later, said US Bank. “She’s a proven leader and thoughtful collaborator. We’re thrilled to welcome her to our leadership team.” Goldman Sachs research notes that bank wealth management arms are benefiting from low client churn, currently at 2.9%. This stability fuels earnings predictability and strengthens the sector’s defensive equity profile.