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Bessemer Trust Expands Presence in Menlo Park; Suzanne Killea and Hilary Giles Join Wealth Management Firm.

Business Editors

MENLO PARK, Calif.--(BUSINESS WIRE)--July 10, 2001

Bessemer Trust Company N.A., a leading wealth management and investment advisory firm, announced that it is expanding its Menlo Park office by appointing two prominent local executives as senior officers.

Suzanne Killea joins the firm as Managing Director and Senior Resident Officer of the Menlo Park office, and Hilary Giles joins as Senior Vice President. In addition, Christopher Hawkins will be relocating from the San Francisco office as Vice President.

"Despite the turbulent stock market, California remains the largest U.S. market for decamillionaires, and as these investors work to address market conditions, we believe this is perfect time for Bessemer Trust to bolster its presence in Silicon Valley," said Frank Helsom, President and Chief Executive Officer. "Bessemer's unique expertise in developing strategies for concentrated equity positions and asset allocation will serve this region well. Further, our partnership with Glynn Capital Management also gives us access to venture capital and technology hedge funds that are particularly attractive to our Californian clientele. We are happy that Suzanne Killea and Hilary Giles, who have been very involved in the wealth management business in Silicon Valley for many years, will be joining the Bessemer team, along with Christopher Hawkins in our Menlo Park office."

Bessemer Trust, a leader in wealth management for over 90 years, specializes in providing investment counsel and services for individuals with a net worth of $10 million or more. In addition its long heritage of serving California's high-net-worth individuals through its San Francisco and Los Angeles offices, the Bessemer name is well-known in California through the firm's sister company, Bessemer Venture Partners.

As Managing Director, Ms. Killea will be responsible for leading Bessemer's team in Silicon Valley. "I am very happy to be heading up the Menlo Park office," said Suzanne Killea. "The Bay Area in general, and Silicon Valley in particular, are exciting places for wealth management right now, and I know that there is a real need in this market for Bessemer's full range of services, including asset management, tax & estate planning, and multi-generational and philanthropic counsel."

Prior to her appointment at Bessemer Trust, Ms. Killea was Director of Strategy and Marketing and Director of Equity Research at Sand Hill Advisors. Ms. Killea also spent several years as Vice President and Portfolio Manager at Franklin Templeton. She is a graduate of Princeton University and holds an MBA from Stanford University's Graduate School of Business. She is also a Chartered Financial Analyst.

"I'm pleased that Hilary Giles who worked with me at Sand Hill and Christopher Hawkins will both be joining the Bessemer team in Menlo Park. Hilary has strong connections to Silicon Valley's high-net-worth market and understands the unique investment needs of the area's entrepreneurs, venture capitalists and high-net-worth individuals in general, while Chris Hawkins, understands the technology and entrepreneurial aspects of the area," said Ms. Killea. "Together as a team we have strong experience in investment management, hedging and restricted securities and will be able to provide Bessemer's unique approach and service to the region."

A graduate of Georgetown University, Ms. Giles holds an MBA from Columbia University. Ms. Giles has 12 years of investment experience, most recently managing client relationships at Sand Hill Advisors. Previously, she lived in Hong Kong where she managed institutional fixed income for Prudential Investments.

Mr. Hawkins joined Bessemer Trust in 2000 in the San Francisco office. Prior to joining Bessemer he worked in Deutsche Banc Alex. Brown's high net worth group in San Francisco/Silicon Valley and prior to that was in the business consulting group at Arthur Andersen & Co. in San Francisco. Mr. Hawkins received a B.A. in Economics from Stanford University and an M.A. in Education from the University of California at Berkeley.

Before the opening of its Menlo Park office, Bessemer Trust had been serving the needs of the Bay Area and Silicon Valley clients from its San Francisco office. In July 2000, Bessemer expanded its presence in the region through the acquisition of a 25% ownership stake in Glynn Capital Management. A Menlo Park-based emerging growth asset management firm, Glynn Capital Management was founded in 1983. With deep roots in the venture capital community, Glynn Capital makes early investments in public companies that address new markets with proprietary products or services and added a new investment option for Bessemer's clients.

About Bessemer Trust

Bessemer Trust Company is a unique wealth management and investment advisory firm that has provided wealth management solutions to high-net-worth individuals and select institutions for more than 90 years. The firm supervises assets in excess of $40 billion, and provides a wide range of services including asset management, tax and estate planning, fiduciary counseling, family business planning, and targeted philanthropy. Headquartered in New York City, Bessemer also services clients from offices in Palm Beach, Miami, and Naples FL; San Francisco, Menlo Park and Los Angeles, CA; Washington, D.C.; Chicago, IL; Atlanta, GA; Dallas, TX; Woodbridge, NJ; London, England; and the Cayman Islands. For more information on Bessemer Trust Company, please visit www.bessemer.com.
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Publication:Business Wire
Date:Jul 10, 2001
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