Erik Davidson Named Chief Investment Officer for Wells Fargo Private Bank

SAN FRANCISCO--(BUSINESS WIRE)--

Wells Fargo Private Bank today 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.

About Wells Fargo Private Bank

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).

About Wells Fargo & Company

Wells Fargo & Company WFC is a nationwide, diversified, community-based financial services company with $1.6 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune's 2014 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

Investment Products: -- NOT FDIC Insured -- NO Bank Guarantee -- MAY Lose Value

Wells Fargo Private Bank provides products and services through Wells Fargo Bank, N.A., and its various affiliates and subsidiaries.

Wells Fargo Bank, N.A.
Member FDIC
NMLSR ID 399801

Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20141215006286/en/