Wells Fargo has promoted Dean Junkans to the role of chief investment officer of Wells Fargo Advisors and Wells Fargo Private Bank.

Junkans previously served as chief investment officer of the private bank.

In the new role, Junkans will lead the investment strategy for Wells Fargo’s brokerage, retirement, wealth management and ultra high net worth businesses. That will include working with Wells Fargo Wealth, Brokerage and Retirement on creating asset allocation strategies, common capital market assumptions and a multi-asset class investment model.

[IMGCAP(1)]

“Following the conclusion of our successful merger, we created this new position to ensure our investment team is structured to deliver our best thinking, our best ideas and our best solutions to clients, no matter where they do business with us,” Wells Fargo Wealth, Brokerage and Retirement Head David Carroll said in a statement.

Lorie Konish writes for On Wall Street.