NEW YORK - Bessemer Trust Co., a wealth management and investment advisory, has promoted Courtlandt B. Ault to managing director and Katherine F. McMaster to principal at its Atlanta office.

Mr. Ault was hired by the firm in 1991 as a vice president at its Palm Beach, Fla., office. In 1994 he was promoted to senior vice president and a year later he helped Bessemer establish an office in Naples, Fla.

Ms. McMaster joined the firm in 1999. Before that she was a vice president and senior estate planning adviser in Wachovia Bank's wealth strategy group in Atlanta.

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