Comerica, a financial services firm based in Texas, has poached Greg Carr from Wells Fargo Private Bank to serve as its executive vice president for Wealth Management.
Carr will assume the new responsibility on the 2nd of next month, replacing Michael Aust who has been serving as the acting head of Wealth Management.
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Aust announced his decision to retire last month.
At Wells Fargo, Carr was the senior managing director for the Southeast region. In this role, he was in charge of a team offering investment management, private banking, trust, estate, credit, integrated wealth management, insurance and brokerage services.
He also worked as the regional managing director of Wealth Management for Carolina East in North Carolina at Wells Fargo.
In the new role, Carr will report to chairman and CEO Curt Farmer.
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By GlobalDataFarmer stated: “Greg brings to Comerica nearly 30 years of financial services experience, having spent over a decade in wealth management and the balance of his early career in commercial banking.
“His core values align with those of Comerica and his relationship banking, customer-centred approach is exactly how we serve our Wealth Management clients.”
Comerica has operations in Arizona, California, Florida as well as Michigan, apart from Texas.
As of 31 December 2019, the firm managed $73bn in assets.
