Goldman Taps Peter Scaturro to Lead Global Private Wealth Operation

Goldman Sachs Group Inc. has hired former U.S. Trust Chief Executive Peter Scaturro, 47, as the global head of its private wealth management business.

Scaturro left U.S. Trust, where he had been since 2005, before it was acquired by Bank of America from Charles Schwab on July 1, Reuters reported.

Scaturro ran 98 private bank offices in 38 countries for Citigroup, but was deposed in 2004 after regulators forced the shutdown of Citigroup’s private bank in Japan. Before Citigroup, he was a partner at Bankers Trust, according to the wire service.

Goldman has 20 private wealth management offices worldwide but does not disclose client assets.