Press Release: January 4, 2021 – Chevy Chase Trust, a leading investment management firm for individuals, families, and institutions, today announced that Jeff Whitaker has been named President and CEO of the Bethesda-based firm. He succeeds Peter Welber, who retires after 17 years at the helm of Chevy Chase Trust. Under Mr. Welber’s leadership, assets under management at Chevy Chase Trust grew from $4.5B in his first year as CEO to $32B as of October 2020.
“I’m fortunate to be inheriting such a strong business and leadership team after so many years of steady direction from Peter,” said Jeff Whitaker, President and CEO of Chevy Chase Trust. “I was drawn to Chevy Chase Trust because of its client-focused culture, its differentiated thematic investment approach, and its committed owner. We are uniquely positioned for growth as we enter this next chapter for Chevy Chase Trust.”
Prior to joining Chevy Chase Trust, Mr. Whitaker held several leadership positions in the investment management and wealth management industry. Most recently, he served as Chief Operating Officer for Client Service and Marketing at Bridgewater Associates, the Connecticut-based hedge fund. Previously, he was Chief Operating Officer at the Boston-based private equity firm Berkshire Partners, and Managing Director and Chief Financial Officer at the J.P. Morgan U.S. Private Bank.
“After an extensive search, we are thrilled to be welcoming Jeff to Chevy Chase Trust,” said B. Francis Saul, II, Chairman of the Board of Directors at Chevy Chase Trust. “We are confident that with his many strengths, Jeff’s leadership and direction will allow the firm to thrive for years to come.”
About Chevy Chase Trust
Chevy Chase Trust is an independently owned investment management firm and think tank specializing in global thematic research, portfolio management, conflict-free advice and financial planning for high-net-worth individuals, families, endowments, and institutions. Headquartered just outside of Washington, D.C., the firm has more than 90 professionals averaging 20 years of experience, and a client retention rate of more than 98%. The firm is a thought leader and performance leader in global thematic investing.
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