Wintrust Financial Corporation has tapped James Duca II to be the new president and ceo of Wintrust Asset Management Company, a unit devoted to trust and investment services. He is replacing Joseph Alaimo, who has been named chairman of the unit.

Duca joins the firm from Old Kent Financial Corporation, where he served as president of the Kent Funds. The Kent Funds is an 18-fund complex, which, according to the firm, has $6.5 billion in assets.

Speaking of Duca, Edward J. Wehmer, president and ceo of Wintrust Financial, stated, "He brings 18 years of management experience in the mutual fund, trust, brokerage and investment advisory business. He has a very strong track record of superior growth rates, profitability and improved quality of service. Jim is just the person we need to grow Wintrust Asset Management to the next level." 

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