MINNEAPOLIS--(BUSINESS WIRE)--Oct. 11, 2016--
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
“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 Management
U.S. Bank Wealth
Management, ranked in the top 20 wealth management firms,* offers
comprehensive wealth management services. Ascent Private Capital
serves families of significant wealth. The Private Client Reserve (reserve.usbank.com)
serves high-net-worth individuals and families, and The Private Client
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
About U.S. Bank
Minneapolis-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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161011006584/en/
Source: U.S. Bank Wealth Management
For U.S. Bank Wealth Management
Michael Walsh, vice president of
public relations, 612-303-9122