Chilton Trust, a New York-based trust bank, family office and wealth manager with $9 billion in assets under management, has named the former head of PNC Private Bank as its CEO and president.

Jennifer Lee will lead the firm as it seeks to continue growing assets among high-net-worth individuals, families, foundations, endowments and institutions. She succeeds Interim President Peter Kim, who will return to his previous roles as general counsel and chief compliance officer.

Kim took the part-time post after former CEO and President Pepper Anderson abruptly stepped down in May 2024. Pepper had held the role for about five years after taking it from a managing director post with J.P. Morgan Wealth Management. 

Chilton Trust did not respond to a request for comment on why Anderson stepped down.

Lee, meanwhile, has about 30 years of private wealth experience. At PNC, she led client acquisition and retention in North America, and before that, worked in the wealth management space at Wells Fargo Private Bank, Lehman Brothers and Goldman Sachs.

Richard Lockwood Chilton Jr. founded Chilton Trust in 2010 and remains chairman. In March, the firm announced the addition of five financial advisors.