Wells Fargo Private Bank has announced Erik Davidson has been named chief investment officer, to serve as the business’s lead investment professional. He replaces Dean Junkans, who retires at the end of this year.
In this role, Davidson will oversee The Private Bank’s global equity, fixed income portfolio management and research, alternative investments, guided portfolios, investment products, investment tools and investment analytics. He will also jointly oversee the firm’s regional chief investment officers and investment and fiduciary senior directors, in partnership with regional leadership.
Davidson has been with The Private Bank for 10 years in a number of investment leadership positions at both the regional and national level, including deputy chief investment officer, managing director of investments, senior director of investments and regional investment manager.
“Erik has a tremendous combination of investment acumen, client focus and institutional knowledge, which positions him very well for this important role,” said Jay Welker, head of Wells Fargo Private Bank. “His passion for the investment industry and commitment to our unique business model will add tremendous value for our clients.”
Prior to joining Wells Fargo, Davidson was president and co-chief executive officer of a separately managed account (SMA) outsourcing company. He was also a managing director at Franklin Templeton Investments, and he held several fixed income positions at Credit Suisse First Boston, including spending many years in Asia. He received a master’s degree in business administration from the University of California Los Angeles Anderson School of Management and a bachelor’s degree from St. Olaf College in Northfield, Minn. He holds the Chartered Financial Analyst®designation.
Wells Fargo Private Bank, the fourth largest wealth management provider in the United States (Barron’s 2014), offers a full range of financial services and products to help individuals and families build, manage, preserve and transfer their wealth. The Private Bank serves clients across North America and internationally and has more than $190 billion in assets under management (9/30/14).