It's a new era at Chilton Trust as it names a new president and CEO to lead it forward.
The privately owned independent wealth firm has tapped Jennifer Lee as its next president and chief executive, effective October 6.
Lee, who brings more than three decades of private wealth experience, will report to founder and chairman Richard Lockwood Chilton Jr. She succeeds Peter Kim, who returns to his previous roles as general counsel and chief compliance officer after serving as interim president for over a year.
Before Kim, Chilton Trust was led by Pepper Anderson, who held the president and CEO position from 2019 until May last year, when she made the decision to step down immediately.
Lee joins Chilton Trust from PNC Private Bank, where she most recently served as head of US markets. In that role, she oversaw sales and client experience nationwide, developing relationship management strategies and leading efforts in client acquisition and retention. Lee joined PNC in 2018 as a regional leader in the northeast before taking on the national role in 2022.
Her career in the wealth industry – also includes leadership positions at Wells Fargo Private Bank, Lehman Brothers, and Goldman Sachs. Lee holds an MBA from NYU Stern School of Business and an undergraduate degree from Barnard College.
“Jennifer brings a deep commitment to client service, thoughtful leadership and a proven ability to drive strategic growth within US markets over her tenured career,” Chilton Jr. said in a statement. He added that Lee’s experience with ultra-high-net-worth families, endowments and foundations makes her “an invaluable addition to our firm.”
Lee said in the announcement that she is “honored to become Chilton Trust’s next president and CEO” and has long admired the firm’s “steadfast commitment to putting clients first.” She added that Chilton Trust’s reputation is “built on relationships that span generations,” and she is focused on building on that foundation and driving the firm’s long-term success.
Chilton Trust, based in New York, is an RIA and national trust bank with more than $9 billion in assets under management and over 275 family relationships. The firm has expanded its advisory team in recent months, adding five advisors earlier this year, including hires from Bessemer Trust and other firms.
In June, the company also launched the Royal Palm Funds, a series of investment offerings aimed at ultra-high-net-worth clients.
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