Wells Fargo taps Jonathan Weiss to lead wealth and investment management
Mr. Weiss replaces David Carroll, who will retire after 38 years with bank.
Jonathan G. Weiss, currently the head of Wells Fargo Securities, has been selected to succeed David M. Carroll, who is retiring, as senior executive vice president and head of wealth and investment management for the bank. The move will be effective July 1.
Mr. Weiss will remain based in New York and report to Timothy J. Sloan, the bank’s president and chief executive officer. Mr. Weiss also will join the company’s operating committee, the bank said in a release.
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Mr. Carroll, a 38-year veteran of the bank and its predecessors, will remain with the company through July to ensure a smooth transition.
Mr. Weiss joined Wachovia, a Wells Fargo predecessor, in 2005 from J.P. Morgan, where he served as chief executive of Chase Manhattan Asia Ltd. and led investment banking for Asia Pacific. At Wells Fargo, he served as co-head of the bank’s investment banking and capital markets group before being appointed to his current role in 2014.
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A new head of Wells Fargo Securities is expected to be announced soon, the bank said.
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