Newly created role focused on meeting needs of consumers across segments
Wells Fargo & Company (NYSE: WFC) today announced that Andrew Rowe has
been selected as head of Wells Fargo’s Community Banking Customer
Segments team, to join Wells Fargo in September. In the newly created
role, Rowe will lead the company’s efforts focused on meeting the needs
of customers across various segments, including Small Business,
Affluent, Wells Fargo At Work
SM and Practice Finance.
Rowe will join Wells Fargo from Bank of America, where he most recently
served as Consumer Risk Executive for consumer products and channels.
“With his experience and expertise, Andy is a perfect fit to lead our
renewed efforts to meet all of the financial needs of our customers,”
said Mary Mack, head of Community Banking for Wells Fargo. “It’s an area
of opportunity for growth for us. We know that among our current retail
banking customers, there are many small business owners and affluent
customers who could also have those unique needs met at Wells Fargo.
Andy and his teams will be focused on deepening our relationships with
those customers.”
The Customer Segments teams Rowe will lead at Wells Fargo include the
Affluent Customer Segment team, which partners with the Wealth and
Investment Management line of business, to meet the specific, and often
more complex, financial needs of affluent customers; Wells Fargo at
Work, which helps business customers offer a comprehensive program
for promoting their employees’ financial success; Practice Finance, a
specialty lender for healthcare practices, which combines capital
investment with business planning tools and professional resources to
help practitioners acquire, build, equip, and refinance their practices;
and Small Business, which serves the financial needs of small business
owners with annual sales of up to $5 million, and includes Small
Business Lending and Payroll Services.
“I’m excited to join a company that I have long admired,” said Rowe.
“There is a tremendous opportunity for us to strengthen relationships
with customers across the different segments, particularly with Affluent
and Small Business customers. I look forward to playing a key role in
work focused on taking care of our team members and delivering for our
customers.”
Rowe also led Bank of America’s Retail Strategies and Solutions group
and held leadership roles in their Consumer Deposits & Payments,
Strategies Global Card Services, and Consumer Finance groups. He joined
Bank of America through their merger with MBNA and played a key role in
integrating their consumer finance products into Bank of America
channels.
A Delaware native, Rowe graduated from the University of Delaware with a
degree in Finance. He’s active in the community, having served as a
trustee for the Delaware Art Museum. He currently is engaged with many
local efforts, including the Cape Henlopen Education Foundation. Rowe
will be based in Charlotte.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $2.0 trillion in assets. Founded in 1852
and headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial finance
through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com)
and mobile banking, and has offices in 42 countries and territories to
support customers who conduct business in the global economy. With
approximately 273,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was ranked No. 27
on Fortune’s 2016 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy our customers’ financial needs and help
them succeed financially. News, insights and perspectives from Wells
Fargo are also available at Wells
Fargo Stories.