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Paul Croci Joins Wells Fargo Corporate & Investment Banking Industrials Group

07/15/2019
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Croci to lead coverage of the aerospace and defense sector

NEW YORK – Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that Paul Croci has joined its Industrials coverage group as a managing director covering the aerospace and defense sector. Based in New York, he will report to John Church and Meara Kelley, co-heads of the Industrials Corporate & Investment Banking team.

“We are pleased to welcome Paul, who brings extensive investment banking and advisory experience in the aerospace and defense sector,” said Church. “His sector knowledge and deep expertise will enhance the coverage and services we offer clients and sustain the momentum we are experiencing in this important area of our coverage team.”

“Paul’s hire underscores our commitment to growth in the Industrials industry. We look forward to continuing to build on our strong foundation with a deep bench of talented individuals as we seek new opportunities to grow and deliver exceptional service and value to our clients,” added Kelley.

Aerospace and defense is a subsector of Wells Fargo’s Industrials client footprint, which includes a wide array of other industrial manufacturing and services sectors. Leveraging its advisory and capital markets expertise, together with its significant capital commitment, the Industrials Corporate & Investment Banking group has served as advisor or lead bank to many important companies in the industry.

Croci joins Wells Fargo from Honeywell, where he served on the leadership team responsible for business development and mergers & acquisitions for three years. Prior to that, he worked at Citigroup, as well as Barclays Capital investment banking businesses, covering the aerospace and defense sector. Croci holds a Bachelor of Science degree in mechanical engineering from the United States Naval Academy and a Master of Business Administration degree from the University of Michigan.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,700 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 33 countries and territories to support customers who conduct business in the global economy. With approximately 262,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

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This news release contains forward-looking statements about our future financial performance and business. Because forward-looking statements are based on our current expectations and assumptions regarding the future, they are subject to inherent risks and uncertainties. Do not unduly rely on forward-looking statements as actual results could differ materially from expectations. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date. For information about factors that could cause actual results to differ materially from our expectations, refer to our reports filed with the Securities and Exchange Commission, including the “Forward-Looking Statements” discussion in Wells Fargo’s most recent Quarterly Report on Form 10-Q as well as to Wells Fargo’s other reports filed with the Securities and Exchange Commission, including the discussion under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2017, available on its website at www.sec.gov.

Media Jessica Ong, 212-214-8242 Jessica.r.ong@wellsfargo.com http://www.twitter.com/JessOngWF

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