David Carroll

David Carroll is a Corsair Advisory Board member. He has over 38 years of institutional experience as a financial services executive with expertise in wealth and asset management as well as retail and commercial banking. Mr. Carroll was a long-time leader at Wells Fargo and its predecessor firms (Wachovia and First Union). He is a Director of Wells Fargo Investment Institute, Inc and served as the Chairman of the Board of Managers of Wachovia Securities Financial Holdings, LLC.

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. He was instrumental in the merger integration between Wachovia and First Union and in 2004, he became President of Wachovia’s Capital Management Group – the asset management, retirement services and reinsurance businesses.

In 2009, after Wachovia’s acquisition by Wells Fargo, Mr. Carroll ascended into the Senior EVP role responsible for all of wealth and investment management. This group consisted of Wells Fargo Advisors (the traditional brokerage business), Wells Fargo Private Bank, Wells Fargo Institutional Retirement Services, Institutional Trust and Custody, Wells Fargo Asset Management (the institutional and mutual fund businesses, across various asset classes), Abbot Downing (the ultra high net worth business) and Wells Fargo Investment Institute (the investment strategy engine for all of Wells Fargo).

Mr. Carroll holds a BS degree in Business Administration from University of North Carolina at Chapel Hill.