CALAMOS INVESTMENTS HIRES REGIONAL PRESIDENT OF U.S. BANK JOE WEIDENBACH AS HEAD OF WEALTH MANAGEMENT

Rhea-AI Summary

Calamos Investments announced the hiring of Joe Weidenbach, a seasoned banker with 30 years of experience, as the new Head of Wealth Management. Previously serving as the Regional President at U.S. Bank Private Wealth Management, Weidenbach is expected to enhance the firm's wealth management operations. CEO John Koudounis emphasized the strategic importance of this leadership change, aiming to continue the company's growth and excellence in client services. Weidenbach will assume his role later in October, succeeding Joe Nader.

Positive

• Joe Weidenbach brings 30 years of industry experience, enhancing leadership depth.
• Weidenbach's previous success includes a near 100% client retention rate at U.S. Bank.

Negative

• Leadership transition may create temporary disruptions in continuity.
• Potential experience gap in adjusting to Calamos' specific client service approach.

METRO CHICAGO, Ill., Oct. 3, 2022 /PRNewswire/ -- Calamos Investments, a global investment management firm, announced that it has hired private banker Joe Weidenbach, 30-year veteran and Regional President of U.S. Bank Private Wealth Management as Head of Calamos Wealth Management.

Calamos President and CEO John Koudounis stated, "We continue to execute our strategic growth plan which includes the further success and expansion of our wealth management business. Joe brings extensive expertise to the firm, and we welcome him to our deep bench of executive talent. In addition to his breadth of experience, Joe shares our relentless dedication to client service and excellence in investment management, two key elements to our ongoing success."

As Regional President and senior executive of U.S. Bank Private Wealth Management, Weidenbach served high-net-worth individuals and families, and was responsible for performance, strategy, and execution of the bank's East region. In his previous position as Market Leader for J.P. Morgan Private Bank in Chicago, he consistently generated top-line revenue growth, built client solutions across product and service lines, and maintained close to a 100% client retention rate. Prior to his private banking role, he spent several years as senior executive for J.P. Morgan's Institutional Trust business.

"Over the past six years, John Koudounis and I have collaborated to determine the successful direction of the firm. Joe will guide our team of advisors and build on the success of Calamos Wealth Management going forward. Providing our clients with a comprehensive approach to financial planning designed to grow and protect their wealth remains just as critical today as it was when I founded the firm almost 50 years ago," said John Calamos Sr., Founder, Chairman & Global Chief Investment Officer.

"Calamos has a distinguished heritage that has seen investors through the ups and downs of market cycles for nearly 50 years. Under the leadership of John Calamos and John Koudounis, the firm is well-positioned for the future by continuing to innovate and deliver world-class products and services for clients. I am proud to join this prestigious organization and look forward to working with the entire team to help expand on its success," Weidenbach said.

Weidenbach will join later in October and assumes the position held by Joe Nader. "We thank Joe for his years of service and wish him well in his new endeavors," Koudounis said.

About Calamos

Calamos Investments is a diversified global investment firm offering innovative investment strategies including alternatives, multi-asset, convertible, fixed income, equity, and sustainable equity. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, and UCITS funds. Clients include major corporations, pension funds, endowments, foundations, and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in New York, San Francisco, Milwaukee, Portland (Oregon), and the Miami area. For more information, please visit www.calamos.com.

*Calamos Investments LLC, referred to herein as Calamos Investments^®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP and Calamos Financial Services LLC. 

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SOURCE Calamos Investments

FAQ

Who is Joe Weidenbach and what role has he been appointed to at Calamos Investments?

Joe Weidenbach is a 30-year banking veteran appointed as the Head of Wealth Management at Calamos Investments.

What are Joe Weidenbach's previous roles before joining Calamos?

He was previously the Regional President at U.S. Bank Private Wealth Management and a Market Leader at J.P. Morgan Private Bank.

When will Joe Weidenbach officially start at Calamos Investments?

Joe Weidenbach is set to join Calamos Investments later in October.

What is the significance of Joe Weidenbach’s appointment for Calamos Investments?

His appointment is part of a strategic growth plan aimed at expanding Calamos's wealth management business.

Who did Joe Weidenbach replace at Calamos Investments?

Joe Weidenbach replaces Joe Nader as the Head of Wealth Management.