David Carroll has over 42 years of institutional experience as a financial services executive with expertise in wealth and asset management as well as retail and commercial banking with Wells Fargo and predecessors Wachovia and First Union. In 2017, after 38 years Mr. Carroll retired from Wells Fargo as Senior Executive Vice President and Head of Wealth and Investment Management. The Wealth and Investment Management Group consisted of Wells Fargo Advisors (Wells’s retail broker dealer), Wells Fargo Asset Management, Wells Fargo Retirement Services, Wells Fargo Private Bank/Wealth Management, Abbot Downing, the ultra high net worth business, and the Wells Fargo Investment Institute. The group accounted for over $16 billion in annual revenue, $2.5 billion in after tax earnings, over $2 trillion in assets under management and approximately 16,000 employees. Since retiring from Wells Fargo, Mr. Carroll has been active in managing his family’s private equity and venture capital portfolio, focused on healthcare and technology.
Mr. Carroll began his career at First Union Bank, where he grew up on the commercial and retail banking side, and ultimately became CEO of the bank’s Georgia and Florida businesses. In addition to being involved in over 30 mergers and acquisitions over his career, he had senior leadership roles in technology, mortgage banking, corporate real Estate, enterprise information management, marketing, card services, and E-commerce. He co-led merger integration between Wachovia and First Union and in 2001, he became President of Wachovia’s Capital Management Group – the asset management, brokerage, retirement services and reinsurance businesses.
Mr. Carroll holds a bachelor’s degree in business administration from UNC Kenan-Flagler Business School, and currently serves on the Board of Advisors for Kenan Flagler Business School, the UNC-Chapel Hill Foundation Investment Fund and the Board of Directors of Infosel Financiero SA de CV, a Mexico City based information fintech company.