U.S. Trust Thought Leaders (Bios)
President of U.S. Trust, Bank of America Private Wealth Management
Keith Banks is president of U.S. Trust, which provides integrated investment, trust, banking and lending services to wealthy and ultra-wealthy clients. He also oversees BofA Global Capital Management, which offers money market funds, offshore funds, customized separate accounts and sub-advisory services to institutions and high-net-worth individuals.
U.S. Trust and BofA Global Capital Management are part of Bank of America’s Global Wealth & Investment Management organization, which provides comprehensive wealth management to affluent and high-net-worth clients. It also provides retirement and benefit plan services, philanthropic management and asset management to individuals and institutions.
Banks previously served as president of Global Private Client, Institutional and Investment Management for Bank of America. This business included U.S. Trust, Institutional Retirement & Philanthropy, Alternative Investments Asset Management, and Columbia Management.
During his career at Bank of America, he was also president of Global Wealth & Investment Management and president and CIO of Columbia Management. He joined Bank of America in April 2004, following FleetBoston Financial’s merger with Bank of America. Previously, Banks served as chief executive officer and chief investment officer of FleetBoston Financial’s asset management organization.
Prior to joining Fleet, Banks was a managing director and head of U.S. equity for JP Morgan Investment Management for four years. In this role, he was responsible for overseeing $125 billion in assets under management and managed a team of analysts, portfolio managers and traders. During his 16-year career at JP Morgan, Banks also served as global head of equity research, encompassing operations in Tokyo, Singapore, Australia, London and the United States. Prior to that, he was head of U.S. equity research, and was a portfolio manager for ten years after having joined JP Morgan in 1984 as an equity research analyst for the chemical and textile industries. He began his investment career as an equity analyst at Home Insurance in 1981.
Banks earned his bachelor’s degree in economics, magna cum laude and Phi Beta Kappa, from Rutgers University and his M.B.A. degree in finance from Columbia Business School. He is a Chartered Financial Analyst. Banks is also a board member of the Bank of America Charitable Foundation, and is a member of the American Bankers Association Investment Advisory Committee, the Lincoln Center Corporate Fund’s Leadership Committee, the Michael Geltrude Foundation and the Board of Visitors of Columbia University Medical Center.
Christopher M. Hyzy
Managing Director and Chief Investment Officer, U.S. Trust, Bank of America Private Wealth Management
Christopher M. Hyzy is managing director and chief investment officer at U.S. Trust, Bank of America Private Wealth Management. In this role he develops, manages and oversees the investment process, determines the investment view of the firm, and develops and manages the asset allocation strategy and investment policies of the firm. He also is responsible for the development and execution of investment strategy including overall portfolio management, specialty asset management, institutional investment, wealth structuring and trading for U.S. Trust. Previously he served as the chief investment strategist for U.S. Trust.
Prior to joining U.S. Trust, he was chief investment officer and head of product strategy for the Latin American market region of The Citigroup Private Bank. He chaired the Global Investment Themes Committee and was a voting member of the Investment Strategy Committee for The Citigroup Private Bank, and active member of the investment policy committee, the product strategy committee, and senior leadership team.
Previously, Hyzy had a 13-year tenure at Merrill Lynch. In his latest position he was the director of Merrill Lynch’s Investment Policy Group and head of the Investment Committee for International Private Clients. He also held investment positions including director of the Global Portfolio Strategy group for the firm’s Private Wealth Advisory and senior international equity strategist for Merrill Lynch’s Private Client and Middle Markets Group.
Hyzy received his B.A. in business from Villanova University and earned an Executive M.B.A. in finance from New York University’s Stern School of Business.
Robert T. McGee
Director of Macro Strategy and Research, U.S. Trust, Bank of America Private Wealth Management
Tim McGee is director of Macro Strategy and Research at U.S. Trust, Bank of America Private Wealth Management, where he serves on the Investment Strategy Committee. Prior to that, he was chief economist at U.S. Trust. In his new capacity he manages a team that researches global economic trends and turns them into strategies for investment professionals and high-net-worth clients.
Prior to joining U.S. Trust, he was a strategist and economist with UFJ and Tokai Banks. He is well-known in Japan for his regular market column in the Nikkei Financial Daily. Over the years he has been recognized by Bloomberg news, Business Week, USA Today and The Wall Street Journal for outstanding forecast accuracy, including being ranked the number one forecaster several times. He has appeared on CNBC, Reuters, and Bloomberg TV and has often been quoted in various publications like The Wall Street Journal and The New York Times.
McGee began his career in the academic world teaching at Florida State University and New York University. He also spent three years at the New York Federal Reserve Bank and one year as a fellow at the Netherlands Institute for Advanced Studies. He has published numerous articles in academic journals.
Tim received his B.S. from the Georgia Institute of Technology and his M.A. and Ph.D. degrees from the University of Wisconsin.
Some of his memberships include the American Economic Association, the National Association of Business Economics, The Forecasters Club of New York and the Money Marketeers. He has served as chairman of the American Bankers Association’s Economic Advisory Committee, president of the Forecasters’ Club of New York, and chairman of the NABE (National Association of Business Economics) Financial Roundtable. He is also a member of the New York City Economic Advisory Panel.
Mitchell A. Drossman
Managing Director and National Director of Wealth Planning Strategies, U.S. Trust, Bank of America Private Wealth Management
Mitchell A. Drossman is a managing director at U. S. Trust, Bank of America Private Wealth Management. In this role he specializes in sophisticated tax, estate and financial planning.
Prior to joining U.S. Trust, Drossman was with the New York City law firm of Proskauer Rose LLP for approximately nine years, where he practiced exclusively in the Trusts & Estates area. He is also a Certified Public Accountant and was formerly with the Big Four accounting firm of Ernst & Young, LLP. Drossman is co-author of a chapter on fiduciary tax responsibilities in J.K. Lasser’s Estate Tax Techniques published by Matthew Bender & Company and on the Advisory Board of Practical Drafting, a highly regarded estate planning publication. While at Proskauer, he was co-editor of Personal Planning Strategies, an estate planning newsletter published biannually.
He taught a course entitled “Estate Planning: Beyond the Basics” as part of the continuing legal education program of Fordham University School of Law and has spoken at numerous seminars including Estate Planning Council of Naples, Florida (2008), New York University’s Summer Institute in Taxation (2007), ACTEC Annual Meeting (2007), New York State Bar Association’s Estate Planning Seminar (2005), New York State Society of CPAs’ Tax Estate and Financial Planning Conference (2005), The New York Community Trust Estate Planning Conference (2004), New Hampshire Estate Planning Council (2003), Westchester Women’s Bar Association, New York State Society of CPAs Annual Estate Planning Conference (New York, New York), the Financial Planning Association’s 2002 Annual Retreat (Houston Texas), the Attorneys for Family-Held Enterprises Annual Conference (Tempe, Arizona), and the UJA-Federation Annual Estate Tax and Financial Planning Conference (New York).
He is a member of the Association of the Bar of the City of New York (and its Committee on Estate and Gift Taxation, 1996-2000), the New York State Bar Association (and its Trusts and Estates Section and Estate Planning Committee), the New York State Society of CPAs (and served as the chair of the Committee on Income Taxation of Estates and Trusts), a member of UJA-Federation’s Trusts and Estates Specialty Group (and currently serves as its vice-chair) and a member of the Alumni Admissions Board of Brooklyn Law School. Drossman received his J.D. cum laude from Brooklyn Law School where he served as editor of the Law Review.
Christian G. Heilmann
Chief Fiduciary Executive, U.S. Trust, Bank of America Private Wealth Management
Chris Heilmann is managing director and chief fiduciary executive at U.S. Trust. He also serves as chairman of the bank’s fiduciary and risk oversight committee.
In this role, Heilmann is responsible for leading the trust, tax, estate and fiduciary organization for Bank of America’s Global Wealth & Investment Management division. Previously he was U.S. Trust’s national fiduciary executive, responsible for setting and ensuring adherence to fiduciary guidelines and policies and leading national groups, including specialized fiduciary services, estate settlement, fiduciary tax, the office of chief fiduciary and Delaware Trust Company, personal custody, and fiduciary platform and channel management.
Prior to the Bank of America and Merrill Lynch merger, Heilmann was chairman and chief executive officer of Merrill Lynch Trust Company, formerly a division of Merrill Lynch Bank & Trust Co., FSB, where he was also a member of the bank’s executive management committee. He also was chairman and chief executive officer of Merrill Lynch Trust Company of Delaware and was a managing director of the Merrill Lynch U.S. bank group.
A veteran of 39 years in the trust and private banking fields, Heilmann joined Merrill Lynch in January 2000 after 27 years at Fleet Financial Group, Boston, where he had been executive vice president and senior manager of FleetBoston Financial Corporation’s fiduciary services group, as well as a board member of Fleet Trust and Investment Advisory Company of Florida.
Heilmann is currently a member of the Trust Management Association, Inc. He is former chairman of the executive advisory committee of the American Bankers Association’s Trust, Wealth Management and Marketing Group, as well as a former member of the New York State Bankers Association’s estate planning and legislative committees. In June 2004, the New York region of the Anti-Defamation League named him Private Banker of the Year in New York City.
Heilmann received his B.A. in English from Westminster College, where he is a former member of the college’s board of trustees and co-chair of the finance and investment committee. He earned Certified Trust and Financial Advisor and Certified Financial Services Counselor designations from the Graduate Trust School at Northwestern University.
Joseph P. Quinlan
Managing Director & Chief Market Strategist, U.S. Trust, Bank of America Private Wealth Management
Joseph Quinlan is managing director and chief market strategist at U.S. Trust, Bank of America Private Wealth Management. In this role, he oversees the development and implementation of investment strategies and solutions for the various channels of Bank of America’s Global Wealth & Investment Management division for U.S. Trust. Quinlan provides economic and market insights and executes the firm’s overall investment strategy, both domestically and globally, which is frequently cited in such media venues as Barron’s, The Wall Street Journal, The New York Times and the Financial Times.
With nearly 20 years of financial services experience, Quinlan most recently served as a senior global economist/strategist for Morgan Stanley. He started his career with Merrill Lynch.
Quinlan lectures on finance and global economics at New York University, where he has been a faculty member since 1992. He regularly lectures at various universities around the world. In 1998 he was nominated as an Eisenhower Fellow. Presently he is a senior fellow at the Paul H. Nitze School of Advanced International Studies of Johns Hopkins University, Washington D.C., a senior fellow at the German Marshal Fund in Brussels, Belgium, and a fellow on U.S.-Asian Affairs at the Pacific Council on International Policy in Los Angles, California.
In 2006, the American Chamber of Commerce to the European Union awarded Quinlan the 2006 Transatlantic Business Award for his research on U.S.-Europe economic ties. In 2007 he was a recipient of the European-American Business Council Leadership award for his research on the transatlantic partnership and global economy.
Quinlan regularly debriefs policy makers and legislators on Capitol Hill on global trade and economic issues. He has testified before the European Parliament. He has served as a consultant to the U.S. Department of State, and presently serves as the U.S. representative (Economic Policy Committee) to the Organisation for Economic Co-operation and Development in Paris, France, for the U.S. Council for International Business. He is also a board member of Fordham University’s Graduate School of Arts and Science and serves on Fordham University’s President Council.
He is the author, co-author or contributor to eleven books. He has published more than 125 articles on economics, trade and finance that have appeared in such venues as Foreign Affairs, the Financial Times, The Wall Street Journal and Barron’s. He regularly appears on CNBC, as well as Bloomberg television, PBS and other media venues.
He has earned his B.A. in Political Science/International Affairs from Niagara University, and his M.A. in International Political Economics and Development from Fordham University.
Managing Director and Head of Portfolio Analytics and Consulting Group
Joe Curtin is a managing director and head of the Portfolio Analytics and Consulting group (PAC) at U.S. Trust, Bank of America Private Wealth Management. In this role, he is charged with developing asset allocation models and methodologies for U.S. Trust. With a broad array of experience, Curtin brings a multifaceted approach to asset allocation that blends the latest academic research techniques with a financial planning emphasis designed to improve risk-adjusted returns, the likelihood of funding liability streams and quantitative investment analysis across various forms of asset ownership.
Curtin is also currently an investment manager on several complicated ultra-high-net-worth family relationships and utilizes investment offerings in all asset classes as well as capital market solutions to implement asset allocation plans. Prior to his current responsibilities, in 2003, he led a multi-disciplinary group of professionals in defining and delivering a new investment platform for U.S. Trust that introduced open architecture and sophisticated simulation models to develop and report on asset allocation plans.
Curtin previously was with PricewaterhouseCoopers as a senior manager in the Financial Planning Solutions, Personal Financial Services and International Assignment Solutions departments. While at PricewaterhouseCoopers, he developed consulting services for financial services firms to deploy training programs for asset allocation and managed account platforms in transactional environments. He developed a consultative hotline for access by financial advisors to understand the financial planning and taxation issues associated with implementing a multi-asset class portfolio.
Curtin also developed financial education workshops for corporate executives and broad-based employee groups on all financial planning issues related to retirement, education funding, income and transfer tax, risk management, cash and debt management, stock ownership planning, relocation and severance, and other topics. Prior to that, he was with KPMG Peat Marwick in the International Executive Tax Services and State and Local Tax departments.
Curtin received his B.B.A. in Accounting from Pace University.
National Executive, Managing Director of Specialty Asset Management
Dennis Moon is the National Executive, Managing Director within the Specialty Asset Management Group at U.S. Trust, Bank of America Private Wealth Management. This includes the national fiduciary role for Real Estate, Farm & Ranch, Oil, Gas & Minerals, Timberland and Private Business Group.
Mr. Moon joined Bank of America in August 2003. Prior to joining Bank of America, he was the Managing Director at Wachovia Bank, heading up their Specialty Asset Management Group. Mr. Moon is also a past President of the National Trust Real Estate Association (NTREA) and member of the National Council of Real Estate Investment Fiduciaries (NCREIF). Mr. Moon has over 30 years of experience in the direct management, investment, oversight and responsibility for specialty assets. He is a frequent speaker at conferences on the national and regional level. Mr. Moon graduated from Presbyterian College with a degree in Business Management and from the Executive Management Program at the Darden School of Business at the University of Virginia. He is also a Certified Property Manager (CPM).
Managing Director Bank Markets Global Corporate Aircraft Finance
Jim Dickerson is Managing Director for Bank Markets, Banc of America Leasing Global Corporate Aircraft Finance Division (GCAF). In this role, Dickerson is responsible for positioning the resources of GCAF for all Bank of America Merrill Lynch lines of business globally.
Before assuming his current leadership position, Dickerson was National Market Executive for The Private Bank, Aviation and Marine Division at Bank of America. In this role, Dickerson advised existing and prospective clients on the financing of private aircraft, including investment alternatives, fiduciary and estate planning services and credit options offered by Bank of America, while leading other sales and servicing activities.
Dickerson has more than thirty-five years experience in the banking industry. Before joining Bank of America, Dickerson’s expertise was gained from leadership positions at Numerica Savings Bank, First National Bank of Des Plaines and Commercial Banking Boulevard Bank.
In addition, Dickerson served as President, Board of Directors for the National Aircraft Finance Association from 2003-2004, is currently on the Board of Directors of Des Plaines Publishing Company and is Vice Chairman and Trustee, Morton Arboretum, Lisle, IL.
Dickerson is a graduate of Stonier Graduate School of Banking, Lake Forest College and Eastbourne College, UK.