JPMorgan Chase has named Michael Boardman, formerly president of U.S. Bancorp's Private Client Reserve, as CEO of Chase Wealth Management,

Boardman will will report to Barry Sommers, CEO of the Consumer Bank.

Chase Wealth Management manages $179 billion of assets and has more than 3,000 advisors.

Boardman joins the firm from U.S. Bancorp, where he was president of the Private Client Reserve. With a 25-year career in wealth management, he also worked at U.S. Trust, where he was head of the midwest region, and earlier he served as vice president in business strategy at Charles Schwab.

Boardman graduated from Middlebury College and received his M.B.A. from Columbia University.