Chevy Chase Trust, an independently owned investment management firm for high-net-worth individuals, families, endowments and institutions, has appointed Jeff Whitaker to the position of president and CEO, the Bethesda, Md.-based company announced in a news release.
Before joining Chevy Chase Trust, Whitaker served as chief operating officer for client service and marketing at Bridgewater Associates, a Westport, Conn.-based hedge fund. He has also served as chief operating officer for the Boston-based private equity firm Berkshire Partners, and as managing director and chief financial officer at J.P. Morgan U.S. Private Bank.
Whitaker graduated cum laude from Williams College, where he earned a B.A. degree in history and political science, and an M.B.A. from the Wharton School of the University of Pennsylvania.
Whitaker succeeds Peter Welber, who is retiring after 17 years at the helm of Chevy Chase Trust. Under Welber’s leadership, assets under management at Chevy Chase Trust grew from $4.5 billion in his first year as CEO to $32 billion as of October 2020.