Doug Carnahan

Senior Vice President, Portfolio Manager

Professional Profile

Doug Carnahan is a Senior Vice President and Senior Portfolio Manager at Bank of America Private Bank in Albany, New York. In this role, he is responsible for creating and maintaining personalized investment strategies utilizing a broad range of wealth management services including financial planning and wealth strategy. This includes assisting clients with establishing goals and objectives, working towards developing an appropriate overall strategy, formulating and implementing potential solutions, and conducting periodical reviews to help clients monitor progress toward reaching the initial goals and strategies set forth. In addition, he supports clients in navigating through changing market environments to provide traditional guidance in the areas of asset allocation, tax-minimization, retirement, and multi-generational strategies from risk-based approaches to banking and lending needs.

Prior to joining Bank of America Private Bank (formerly U.S. Trust) in 2018, Doug worked for over 28 years with the private client divisions of Citigroup, Morgan Stanley, Wells Fargo and Citizens Financial, where he managed global investment solutions and addressed the financial needs of high net worth individuals, families, not-for profit institutions and businesses.

Doug earned his Bachelor of Science degree in finance with additional studies in economics from the State University of New York at New Paltz. He has been active in the community as a mentor to Skidmore College business students, and has served as a member, committee member or board member of St. Mary’s Hospice, Kiwanis International, Saratoga Continuing Education, Presbyterian- New England Congregational Church, Echo Bay Yacht Club and Eastchester Presbyterian Church.

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We take the time to listen and learn about you and your family before creating strategies that aim to meet your needs, goals and best interests now and in the future


For more than 200 years, Bank of America Private Bank has helped clients navigate the complex challenges of managing significant wealth. We draw on the Private Bank’s personalized approach, as well as the resources of Bank of America, to help individuals and families, businesses, and institutions achieve their financial objectives. Whether you’re looking to preserve and share wealth, build philanthropic legacies or plan for future growth, our commitment is to make your goals our priority.

At Bank of America Private Bank, we take pride in our history and in serving our clients’ best interests. We also value the continual pursuit of innovation in a constantly transforming world. We apply this perspective to help our clients anticipate and respond to evolving markets, changing environments and the growing complexities of the financial landscape. Mindful of the past, our focus is on providing today’s clients with disciplined financial strategies and a bridge across generations.