Robert Storey, a 15-year Wachovia veteran who will be based in Charlotte, North Carolina will manage investment specialists who help wealthy clients with their asset management needs. His western counterpart is Erik Davidson, a Wells Fargo executive. They both report to Dean Junkans, chief investment officer for the wealth management group.

Since buying Wachovia on 31 December last year, San Francisco-based Wells Fargo is gradually fleshing out the leadership of the combined company. Wealth management is part of the combined wealth, brokerage and retirement services unit led by former Wachovia executive David Carroll.