Well Fargo Private Bank in San Francisco has named Erik Davidson as chief investment officer.

Davidson most recently served as deputy chief investment officer at the $1.5 trillion-asset Wells. He has held several senior-level investment positions since joining the bank in 2004.

He also previously worked as a managing director at Franklin Templeton Investments, which is based in San Mateo, Calif.

"Erik has a tremendous combination of investment acumen, client focus and institutional knowledge, which positions him very well for this important role," said Jay Welker, head of Well Fargo Private Bank, in a press release Monday.

In his new role, Davidson will succeed Dean Junkans, who plans to retire at the end of the year.

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