A 17-year veteran in investment management, he was director and chief investment officer for Merrill Lynch Private Investors, responsible for that firm's high net worth business. Clapp was also chief investment officer-equity management and senior investment strategist at Bank of America in Charlotte.
He replaces Alan Adelman, who left First Union earlier this year to join Wells Fargo & Co. As head of First Investment, Clapp is responsible for $53 billion in assets. He oversees 40 offices on the East Coast.
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David Wilkening
David Wilkening began his long journalism career as a police reporter for Chicago-area newspapers. He became a writer-editor for major newspapers in Chicago, Washington, Detroit and Florida. He has been a business editor, political editor and travel editor for newspapers and magazines. He tried for a while to be a political operative but did better as an adjunct college professor teaching English and journalism. He is the author of several books, both ghost-written and under his own name. He is also a widely published freelance writer who currently lives in Orlando.
