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October 10, 2015


Trendsetters - March 2006

Mike Vogel | 3/1/2006

Frances Aldrich

U.S. Trust
President, Miami

Brief bio: 50, born and raised in Miami Beach. Five years in corporate lending after returning to Miami from Thunderbird, the American Graduate School of International Management, in Arizona in 1978 with an MBA. Wealth management ever since. "I've grown up with the international banking community." At one time, Sevilla-Sacasa managed Citigroup's global wealth structuring business, European private bank and Latin American private bank.

International Bent

Currently: President, U.S. Trust, since November. She oversees 32 offices, 2,337 employees and $108 billion in assets under management at the Charles Schwab subsidiary.

Languages: Spanish from family; French from school and as a student abroad for a couple of years in France and Switzerland; Portuguese from graduate school.

Summers growing up: With relatives in Spain. All four grandparents were Spanish, and her mother was born in Cuba of Spanish heritage.

Favorite European city: "I'm biased toward Barcelona. My heritage is from that area."

Coming in April: A sixth Florida office for U.S. Trust -- on Brickell Avenue in Miami. There's a temporary office now.

At year-end: A two-week family vacation to India.

On hiring: "The first thing I look at is character. In our industry you can have the best products, the best services, the best platform, but if you don't have the best people to deliver that to the clients and to establish that relationship with the client, you'll get nowhere."

Her family: "To be able to raise three fine young men and women who will be happy and who will be able to make a difference will be my greatest accomplishment."

Tags: Trendsetters, Banking & Finance

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