Keith Karlawish has been promoted to president of BB&T Asset Management, a registered investment advisory firm in Raleigh, N.C., the company announced today. With more than $17 billion in assets under management, BB&T Asset Management, a subsidiary of BB&T Corp., serves as investment advisor to the BB&T Funds, a family of 30 mutual funds and annuities.
Karlawish was promoted from director of BB&T Asset Managements fixed income management team, where he oversaw the firms fixed income research and management and served as portfolio manager of the BB&T Intermediate U.S. Government Bond Fund.
"Keith has already been instrumental in building BB&T Asset Management's investment capabilities over the past 11 years," said BB&T executive vice Ken Miller Jr. "We look forward to his dynamic leadership in his new role as we fully develop collaborative strategies with other business units to successfully provide our growing client base with disciplined and sophisticated investment strategies and superior service."
Karlawish replaces David McMahon, who has been named corporate economist for another BB&T Corp. subsidiary, BB&T Funds Management Group.