Peter M. Welber
President and CEO, and Board Director


Tel: 240.497.5055


Peter is President and Chief Executive Officer of Chevy Chase Trust Company. He also is a Director of Chevy Chase Trust Company and ASB Capital Management.

Prior to joining Chevy Chase Trust, Peter was President of Wachovia Trust Company and, before that, First Union Trust Company in Charlotte, North Carolina. Earlier, Peter was President and Chief Executive Officer of CoreStates Asset Management in Philadelphia, Pennsylvania, and Chief Operating Officer of Meridian Asset Management in Valley Forge, Pennsylvania. Peter began his career in the Trust Department of The Riggs National Bank and spent twenty-one years with Riggs, the last seven years as the Senior Vice President and Senior Trust Officer for the Company.

Peter earned his undergraduate degree in Mathematics from Bucknell University and his Juris Doctor from Case Western Reserve University School of Law. He is also a graduate of the National Graduate Trust School at Northwestern University. Peter is Chair Emeritus of the Community Foundation for Montgomery County.

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