U.S. Bank of Minneapolis has hired Daniel J. Rauchle as head of investment management and Scott Winget as senior managing director of wealth planning in the bank’s ultra high net worth group.

Rauchle joined the bank from Wells Fargo & Co., where he was the president of Wells Fargo Alternative Asset Management LLC, which he also founded. In addition, he was the head of the family wealth alternative investment group. He also was the founder and head of Wells Fargo’s Risk-Optics program. Before that he was a director in the investment management and retirement divisions at Charles Schwab.

Winget was a senior vice president and managing director of the Wells Fargo wealth planning center. Before that he was a vice president and wealth planning adviser at Fifth Third Bank. Earlier he was a senior wealth transfer specialist at Key Bank.

U.S. Bank has $308 billion of assets.

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