Drew Kanaly has been appointed president of Kanaly Trust LTA and will assume expanded responsibilities overseeing client service and business development activities for the firm, Kanaly Trust announced Monday.

Kanaly will remain chairman of the board of the Houston-based firm. He is the son of the late Deane Kanaly, who founded the firm in 1975. The firm has $2 billion in assets under management or advisement.

Drew’s brother, Jeff Kanaly, serves as vice chairman and CIO of the family-firm.