David K. Skolnik Named President, Comerica Asset Management Group

Sep 29, 2009, 08:28 ET from Comerica Incorporated

DALLAS, Sept. 29 /PRNewswire-FirstCall/ -- David K. Skolnik has been named president of Comerica Asset Management Group, a division of Comerica's Wealth & Institutional Management business segment. The announcement was made by Curtis Farmer, executive vice president, Wealth & Institutional Management.

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In his new role, Skolnik oversees Comerica Asset Management, World Asset Management and Wilson Kemp. His responsibilities include revenue and profitability growth, as well as strategies to enhance distribution of these investment and asset management capabilities. He is based at World Asset Management's offices in Birmingham, Michigan.

Skolnik has 25 years of wealth management experience and most recently served as executive vice president and regional managing director for the Western Division of Comerica's Wealth & Institutional Management. He joined Comerica in 2004 from Nationwide Financial Services in New York City where he served as regional vice president. Prior to that, he was executive vice president and director of Sales and Marketing for the Private Client Services Division of Wells Fargo in San Francisco.

Mr. Skolnik and his family reside in Birmingham, Michigan.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $63.6 billion at June 30, 2009. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts.

SOURCE Comerica Incorporated