U.S. Bank promoted Scott Ford to president of wealth management, succeeding Mark Jordahl, who will retire this summer. Effective June 1, Ford will lead all of U.S. Bank’s wealth businesses, including affluent wealth management, private wealth management and ascent private capital management of U.S. Bank. He will also oversee U.S. Bancorp Investments (USBI).

Previously, Ford led U.S. Bank’s affluent wealth management business, which is made up of a team of more than 1,400 bankers, and U.S. Bancorp Investments’ financial advisors. Prior to joining U.S. Bank in 2021, Ford served as a regional director of wealth management at JPMorgan Chase, overseeing its largest wealth region, New York.

“Scott is an effective leader with a passion for building teams and putting clients at the center of everything he does,” Gunjan Kedia, vice chair of wealth management and investment services at U.S. Bank, said. “Now, more than ever, providing the right advice at the right time is essential to help people achieve better financial outcomes. Core to our U.S. Bank offering is our commitment to helping clients achieve their desired financial outcome, and I am so excited we have named Scott Ford to lead this vision for the company. He has expanded the advisor and banker teams over the last two years, and he has spearheaded our efforts to meet the needs of Black investors and to contribute to discussions on this important topic in public forums. With nearly 25 years of industry experience and an impeccable financial acumen, Scott is respected by his peers, his partners and his teams.”

Jordahl has been with U.S. Bank since 2001. Under his leadership, U.S. Bank launched a digital investing platform, upscaled its client base and ventured into new markets, among other initiatives.

“Mark has been a tremendous advocate of the wealth business and a key ambassador of our brand,” Kedia said. “His investing expertise, coupled with his fundamental desire to do what is best for our clients and our people, is a winning combination that not only drove growth but did it the right way. We thank him for his leadership and we wish him all the best in his retirement.”