U.S. Bank Wealth Management Names Eric Freedman as Chief Investment Officer
October 11 2016 - 2:47PM
Business Wire
U.S. Bank Wealth Management announced today that it has named
Eric Freedman as its new chief investment officer (CIO) to replace
previous CIO Tim Leach, who recently retired. U.S. Bank Wealth
Management manages $133 billion of assets for clients and is ranked
among the top 20 wealth management firms* in the country.
For the past 10 years, Freedman has been CIO, managing director
and global market strategist for CAPTRUST Financial Advisors, where
he reported to the CEO and was responsible for helping grow the
company into one of the largest RIAs in the country, with $180
billion in assets under management. Prior to that, he was a senior
portfolio manager for Franklin Street Partners, and vice president
of equity derivatives with Goldman Sachs.
“Eric represents everything we were looking for in our next CIO.
His drive, deep knowledge of the markets, and commitment to
exploring comprehensive investment options on behalf of clients
aligns very well with our culture,” said Mark Jordahl, president of
U.S. Bank Wealth Management. “We are excited to welcome Eric to our
leadership team. Culturally, he is a great fit for U.S. Bank and
represents our core values extremely well. I am confident he is the
right person to guide us toward our goals and deliver on client
expectations.”
Freedman will direct U.S. Bank Wealth Management’s Asset
Management Group, leading its investment management business
strategy and policies.
Freedman earned a bachelor’s degree in economics from Colgate
University, and an MBA in finance and management from the Wharton
School at the University of Pennsylvania. He is active in his
community, including serving on the investment committee of the
Diocese of Raleigh, the board of directors and finance committee of
the Ronald McDonald House of Chapel Hill, and the board of advisors
for The Monday Life. He and his spouse, Jamie Freedman, have three
children and enjoy sports, reading, and being involved in the
community.
“U.S. Bank has an incredible team-based culture,” Freedman said.
“Helping our clients achieve the outcomes they work hard for is a
humbling opportunity, and to do so alongside so many dedicated and
focused colleagues is a privilege.”
About U.S. Bank Wealth ManagementU.S. Bank Wealth
Management, ranked in the top 20 wealth management firms,* offers
comprehensive wealth management services. Ascent Private Capital
Management (ascent.usbank.com) serves families of
significant wealth. The Private Client Reserve
(reserve.usbank.com) serves high-net-worth individuals and
families, and The Private Client Group
(www.usbank.com/wealth-management) serves affluent
individuals and families. U.S. Bancorp Investments, Inc., a
registered broker-dealer and non-bank affiliate of U.S. Bank,
offers investment and insurance products and services across U.S.
Bank Wealth Management.
About U.S. BankMinneapolis-based U.S.
Bancorp (NYSE: USB), with $438 billion in assets as
of June 30, 2016, is the parent company of U.S. Bank
National Association, the fifth largest commercial bank in the
United States. The Company operates 3,122 banking offices in 25
states and 4,923 ATMs and provides a comprehensive line of banking,
investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S.
Bancorp on the web at www.usbank.com.
* Barron’s "Top 40 Wealth Management Firms,” Sept. 17, 2016,
ranked by client assets in accounts of $5 million or more as of
March 31, 2016.
Investment products are:
Not a
Deposit Not FDIC Insured
Not Guaranteed by the Bank May Lose Value
Not Insured by Any Federal Government Agency
For U.S. Bank:Deposit products offered by U.S. Bank
National Association. Member FDIC. Credit products offered by U.S.
Bank National Association and subject to normal credit
approval.
U.S. Bank and its representatives do not provide tax or legal
advice. Each individual's tax and financial situation is unique.
Individuals should consult their tax and/or legal advisor for
advice and information concerning their particular situation.
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version on businesswire.com: http://www.businesswire.com/news/home/20161011006584/en/
For U.S. Bank Wealth ManagementMichael Walsh, vice president of
public relations, 612-303-9122michael.walsh@usbank.com
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