DALLAS, July 19 /PRNewswire-FirstCall/ -- Comerica Bank today announced that Dennis A. Johnson, CFA, has joined the Comerica Asset Management Group in the newly created position of Senior Vice President and Chief Market Strategist. Johnson reports to David K. Skolnik, president of Comerica Asset Management, and will be responsible for developing investment strategies for Comerica's high net worth and institutional clients.

(Logo: http://photos.prnewswire.com/prnh/20010807/CMALOGO)

(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO)

As co-manager of Comerica Asset Management Group's Investment Policy Committee, Johnson will be responsible for analyzing the markets and determining the appropriate asset allocation targets for Comerica's investment professionals. He will also serve as the Group's primary spokesperson in national media on investment philosophy, asset allocation, market sector analysis and other market matters and will be based in the Birmingham, Michigan office of the Comerica Asset Management Group.

Johnson has almost 30 years of investment experience. Prior to joining Comerica, Johnson served as the managing director and Small Cap portfolio manager for Shamrock Capital Advisors in Burbank California.  His previous positions also included senior portfolio manager with the California Public Employees Retirement System, managing director with Citigroup and portfolio manager with SunTrust Bank, in addition to research positions with Crestar Bank and Blue Cross & Blue Shield of Virginia.  

Johnson holds a bachelor's degree in economics from Virginia Military Institute and a master's degree in finance from Virginia Commonwealth University.  He is also a Chartered Financial Analyst (CFA).

Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $57.1 billion at March 31, 2010. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts.

SOURCE Comerica Bank