As a CIO, Junkans will manage the groups’ collective investment strategy and advice across the full wealth management, brokerage, retirement and ultra-high-net-worth business.
Wells Fargo Wealth, Brokerage and Retirement (WBR) head David Carroll said the company had created the new position to ensure its investment team is structured to deliver best of thinking, ideas and solutions to clients, no matter where they do business with the organization.
Junkans will work in tandem with investment professionals across WBR to form common capital market assumptions, develop a single set of asset allocation strategies and implement a multi-asset class investment model.
Before joining the US based wealth management firm, he served as a chief investment officer of The Private Bank, said Wells Fargo.
Junkans has 28 years of experience of handling leadership and portfolio management positions including high-net-worth and ultra-high-net-worth investment portfolios.
As of 31 December 2011, Wells Fargo Wealth, Brokerage and Retirement (WBR) owned $1.3 trillion client assets under management and the firm comprises of Wells Fargo Advisors, Wells Fargo Private Bank, Abbott Downing and Wells Fargo Retirement.
