Veteran banking executive Eric Teal has been named chief investment officer of Dallas-based Comerica Inc. He will be responsible for providing enterprise-wide leadership of investment strategy, portfolio construction, and enhancement of the Comerica Investment Management brand, Comerica said.
Teal will report to Greg Carr, executive vice president, Wealth Management.
“We’re thrilled to welcome Eric to the Comerica Wealth Management team,” Carr said in a statement. “His deep expertise and strategic vision will be influential as we strengthen our investment strategy and deliver exceptional value to our clients.”
Teal brings more than 30 years of leadership and investment experience across national and regional institutions with previous roles in investment management, strategic oversight, and leadership in wealth management.
His prior positions include investment manager and managing director with U.S. Bank Private Wealth Management, chief investment officer and managing partner for Queens Oak (previously Solamere Advisors) and more than 10 years as chief investment officer at First Citizens Bank, during which his responsibilities included developing and directing investment strategies, overseeing portfolio management, research, trading compliance, and risk management functions.
Comerica Inc. is strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. It’s one of the 25 largest commercial U.S. financial holding companies and focuses on building relationships and helping people and businesses be successful.
Comerica provides banking centers across the country with locations in Texas, Arizona, California, Florida, and Michigan.
Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado.
Comerica has offices in 15 states and services 13 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $77.6 billion as of March 31.
Don’t miss what’s next. Subscribe to Dallas Innovates.
Track Dallas-Fort Worth’s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.
R E A D N E X T
-
Fort Worth-based marketing agency The Starr Conspiracy has officially rebranded as TSC, signaling a new era with fresh leadership. CEO Ashley Bernard is steering the agency toward innovation, AI investment, and cutting-edge marketing strategies, with the rebrand unveiled at the 2024 HR Technology Conference & Exposition.
-
Trinity Christian Academy has named Lisa Wong, a former Raytheon engineer and TCA’s director of technology, as its first chief innovation officer. Wong will lead the integration of cutting-edge technology, foster innovation, and prepare students for future careers.
-
Madison Tappan will oversee Knightvest's acquisition strategy and lead efforts to expand the firm's multifamily portfolio in key Sun Belt markets. Since its founding in 2007, Knightvest has invested over $10 billion to acquire over 60,000 units in Texas and four other states.
-
Former PwC managing director David Oman will assume the role effective June 10 and serve as a member of the firm’s Operating Committee.
-
The company said that COO Jim Breuer will drive a more holistic view of its markets, strengths, and needs in project delivery and talent allocation. Kevin Hammonds succeeds John Reynolds, who will retire from the company after nearly 40 years of service.
