Comerica Incorporated Appoints Eric Teal as New Chief Investment Officer to Enhance Wealth Management

Comerica's New Strategic Leader in Investment Management

On April 22, 2025, Comerica Incorporated (NYSE: CMA) announced a pivotal leadership change with the appointment of Eric Teal as the Chief Investment Officer (CIO). Under the direction of Greg Carr, Executive Vice President of Wealth Management, Teal is set to lead the investment strategy and bolster the Comerica Investment Management brand.

Teal comes with a robust portfolio of over 30 years of experience in investment management and strategic leadership. His past roles have spanned various national and regional institutions, including notable positions such as Investment Manager and Managing Director at U.S. Bank Private Wealth Management and Chief Investment Officer at First Citizens Bank. At First Citizens, he dedicated over ten years to developing investment strategies, overseeing portfolio management, and ensuring compliance and risk management, showcasing his diverse skill set.

In welcoming Teal to the team, Greg Carr emphasized, "We are thrilled to have Eric join our Wealth Management unit. His extensive expertise and strategic vision are invaluable as we aim to strengthen our investment strategies and offer unparalleled value to our clients."

Teal's educational background complements his impressive career. He holds a bachelor’s degree in economics and international studies from Rhodes College, a master’s in business administration from the University of Memphis, and has participated in the International Economics and Trade Study Program at the prestigious London School of Economics.

As Comerica embarks on this new chapter, Teal's responsibilities extend beyond mere portfolio management. He will play a key role in shaping the comprehensive investment strategy for Comerica, ensuring that the organization not only meets but exceeds client expectations in today's complex financial landscape. This initiative comes as part of Comerica's ongoing efforts to provide superior financial services, adapting to ever-evolving market conditions while maintaining strong relationships with clients.

Founded in 1849, Comerica is among the top 25 commercial financial holding companies in the U.S., with a significant presence across states such as Arizona, California, Florida, Michigan, and Texas. As of March 31, 2025, the company reported total assets amounting to $77.6 billion, showcasing its financial stability and growth potential.

In addition to its core banking services, Comerica continues to expand its footprint, particularly into southeastern regions anchored in North Carolina and the Mountain West Market in Colorado. This expansion reflects the firm's commitment to fostering financial growth and innovation.

As Comerica navigates through the changes in the financial market, Teal’s extensive background and strategic acumen will be crucial in fortifying the company's standing in investment management. The leadership anticipates that his contribution will not just align with the organization’s goals but also pave the way for future successes in wealth management, setting new standards in client service and investment solutions.

Discover more about Comerica and its innovative approach to banking by visiting www.comerica.com. Follow them on social media on platforms like Facebook, X, Instagram, and LinkedIn to stay updated on their services and community engagements.

In conclusion, Eric Teal's appointment marks a significant milestone for Comerica Incorporated as it aims to enhance its capabilities in investment management, reinforcing its longstanding tradition of client-focused services and strategic growth in the financial sector.