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 Chief Executive Officer Tim Sloan exited the firm abruptly.
 Interim CEO Allen Parker said he wasn’t directly involved in the search
and didn’t know when it would end.
 Chair Betsy Duke said the board would act with urgency to recruit an
outsider.
As Wells Fargo seeks a new CEO, it loses $24
billion in market value
 Bessant is Charlotte-based Bank of America's Chief Operations and
Technology Officer.
 Wells Fargo previously said its board would search externally to fill the
CEO role.
BofA's Cathy Bessant in the running for Wells
Fargo CEO role
 With its newly formed national Specialized Industries group, Wells Fargo also
provides expertise across industries including Food, Beverage & Agribusiness;
Investor Real Estate; Government; and Technology through its regional
presence.
 Greg O’Brien has been named division executive for Wells Fargo Commercial
Banking’s Northeast Division.
 “Boston is a key growth market for our company and business” – Kristin
Lesher, head of Wells Fargo Commercial Banking’s East Region
Wells Fargo Unveils Commercial Banking Leadership in the
Northeast
 Wells Fargo Advisors is trimming more costs from its branch-management
structure, cutting the number of complexes in its retail brokerage network by
around 15% to 91 from almost 110.
 Remaining complex managers will be reclassified as “market” leaders, a rubric
used by rival Merrill Lynch, and will oversee both “private client group” branch
managers and Wells Fargo Bank-based “regional brokerage managers.”
 Wells Fargo had a tech budget of $9 Billion.
Wells Fargo Advisors to Cut Branch Complexes,
Prioritizing Digital Transformation
 Wells Fargo names Gary Owen as Chief Information Security Officer and
Head of Information Security, and Steve Hagerman as Head of Consumer
Lending Technology.
 Both will join the company’s Technology organization reporting directly to
Saul Van Beurden, Head of Technology.
Wells Fargo Names Industry Leaders to
Technology Organization
 Wells Fargo is getting ready to jettison certain unessential businesses.
Kristi Mitchem, the former head of the bank's asset management group,
left earlier this year to lead the global asset management unit at BMO
Financial Group.
 Principal Financial Group was in advanced talks to buy Wells Fargo's
retirement plan services businesses, in a deal that could exceed $1
billion.
Wells Fargo could be putting more of its focus on
wealth management
 A new technology leader will be hired who will report directly to CEO Tim Sloan
and will join the Wells Fargo Operating Committee.
 The new technology leader will lead a combined Enterprise Information Technology
and Enterprise Information Security team.
 “Technology and information security are at the heart of what allows us to satisfy
our customers’ financial needs and help them succeed financially" – Tim Sloan,
Former CEO of Wells Fargo
Wells Fargo Announces Next Step in Technology
Transformation
The Wells Fargo TURBO report has dozens of pages of customer insights
compiled to help you sell and market more effectively.
FORTUNE 500 TURBO REPORTS
844.DATABAHN
844.328.2224 ext. 707
info@databahn.com
www.databahn.com
We help sales reps and marketers eliminate costly research time and
uncover new sales pipeline opportunities.
Please visit www.databahn.com/page/turbo to download a TURBO Fortune
500 company profile report (PDF).
We also build custom deep dive Fortune 1000 company profile reports.
Please contact us if you need help.

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7 keys to open doors at Wells Fargo

  • 1.
  • 2.  Chief Executive Officer Tim Sloan exited the firm abruptly.  Interim CEO Allen Parker said he wasn’t directly involved in the search and didn’t know when it would end.  Chair Betsy Duke said the board would act with urgency to recruit an outsider. As Wells Fargo seeks a new CEO, it loses $24 billion in market value
  • 3.  Bessant is Charlotte-based Bank of America's Chief Operations and Technology Officer.  Wells Fargo previously said its board would search externally to fill the CEO role. BofA's Cathy Bessant in the running for Wells Fargo CEO role
  • 4.  With its newly formed national Specialized Industries group, Wells Fargo also provides expertise across industries including Food, Beverage & Agribusiness; Investor Real Estate; Government; and Technology through its regional presence.  Greg O’Brien has been named division executive for Wells Fargo Commercial Banking’s Northeast Division.  “Boston is a key growth market for our company and business” – Kristin Lesher, head of Wells Fargo Commercial Banking’s East Region Wells Fargo Unveils Commercial Banking Leadership in the Northeast
  • 5.  Wells Fargo Advisors is trimming more costs from its branch-management structure, cutting the number of complexes in its retail brokerage network by around 15% to 91 from almost 110.  Remaining complex managers will be reclassified as “market” leaders, a rubric used by rival Merrill Lynch, and will oversee both “private client group” branch managers and Wells Fargo Bank-based “regional brokerage managers.”  Wells Fargo had a tech budget of $9 Billion. Wells Fargo Advisors to Cut Branch Complexes, Prioritizing Digital Transformation
  • 6.  Wells Fargo names Gary Owen as Chief Information Security Officer and Head of Information Security, and Steve Hagerman as Head of Consumer Lending Technology.  Both will join the company’s Technology organization reporting directly to Saul Van Beurden, Head of Technology. Wells Fargo Names Industry Leaders to Technology Organization
  • 7.  Wells Fargo is getting ready to jettison certain unessential businesses. Kristi Mitchem, the former head of the bank's asset management group, left earlier this year to lead the global asset management unit at BMO Financial Group.  Principal Financial Group was in advanced talks to buy Wells Fargo's retirement plan services businesses, in a deal that could exceed $1 billion. Wells Fargo could be putting more of its focus on wealth management
  • 8.  A new technology leader will be hired who will report directly to CEO Tim Sloan and will join the Wells Fargo Operating Committee.  The new technology leader will lead a combined Enterprise Information Technology and Enterprise Information Security team.  “Technology and information security are at the heart of what allows us to satisfy our customers’ financial needs and help them succeed financially" – Tim Sloan, Former CEO of Wells Fargo Wells Fargo Announces Next Step in Technology Transformation
  • 9. The Wells Fargo TURBO report has dozens of pages of customer insights compiled to help you sell and market more effectively. FORTUNE 500 TURBO REPORTS 844.DATABAHN 844.328.2224 ext. 707 info@databahn.com www.databahn.com We help sales reps and marketers eliminate costly research time and uncover new sales pipeline opportunities. Please visit www.databahn.com/page/turbo to download a TURBO Fortune 500 company profile report (PDF). We also build custom deep dive Fortune 1000 company profile reports. Please contact us if you need help.