Bessemer Trust, a privately owned and independent multifamily office, has opened a new office in Seattle, which will serve as the company’s hub in the Pacific Northwest.

Steve Kutz has been named the managing director and head of the new office, which is the firm’s 17th location in the US.

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In this role, Kutz will help develop client relationships in the Pacific Northwest, and manage advisory teams serving clients in the region.

Kutz most recently served as a managing director and regional executive for the Pacific Northwest at JPMorgan Private Bank, where he was based in Seattle.

He has over 25 years of investment and wealth management experience in advising high-net-worth families, endowments, as well as foundations.

The new Seattle office will also have Brian Schlusselberg as principal and senior client advisor, and Dorothy Tran as vice president and client advisor for Bessemer. The duo will support clients in the region through the new office.

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Moreover, Bessemer’s West Coast investment strategist Joseph Tanious will help communicate the firm’s investment strategies to clients in the region.

Commenting on the new office launch, Bessemer Trust CEO Marc Stern said, "Bessemer has worked with clients in Seattle and the surrounding areas for many years, and it is a natural extension of our business to have a physical presence here to meet the needs of our clients. We are very excited to strengthen our ties with this great city and demonstrate our long-term commitment to our clients, as well as the trust and estate, tax, and legal communities in the Pacific Northwest."