Highly respected industry veteran to lead company’s growing global banking operations
SAN FRANCISCO--(BUSINESS WIRE)--As it continues to strengthen its global banking capabilities, Wells
Fargo (NYSE: WFC) announced today that Thomas (Tom) DuCharme has
been named the new head of its Global
Banking division. In his role, DuCharme will manage the sales and
product development for Wells Fargo’s Global Banking operations. He is
based in New York and reports to Richard Yorke, head of Wells Fargo’s International
Group.
“We continue to invest in the best resources and talent to serve our
customers as they do business internationally,” said Yorke. “With Tom’s
extensive experience, I’m confident our global banking operations will
become even stronger as we continue to serve the evolving international
needs of our customers.”
Prior to joining Wells Fargo, DuCharme was the banking co-head of
JPMorgan’s Asia Pacific Corporate & Investment Bank in Singapore where
he managed client coverage teams, investment banking and corporate
banking, treasury services, global trade & loans, debt capital markets,
equity capital markets, and mergers & acquisitions. He was also
previously the former head of Deutsche Bank’s Asia Pacific Global
Transaction Banking platform and managing director for Citigroup’s
Global Transaction Services and Corporate Banking in New York and Hong
Kong.
“As more companies look to international markets for growth, I’ve been
impressed with how Wells Fargo has been gradually expanding its global
banking capabilities and presence in the U.S. and internationally,” said
DuCharme. “I’m excited about the opportunity to lead a business that
plays a critical role in the company’s international strategy.”
Part of Wells Fargo’s International Group, Global Banking provides
credit, international trade, treasury management and investment banking
services to middle market and large U.S. companies doing business
internationally and also serves investment grade multinational companies
doing business in the U.S.
With more than 300 team members across 13 countries, Wells Fargo’s
Global Banking division has dedicated teams to support its operations in
the U.S., Canada, Asia and Europe. In his role, DuCharme will manage a
team of senior leaders responsible for those geographies, including Lynn
Durning; Western U.S. and Canada division manager; Colm McCarthy,
Asia Pacific division manager; Andrew Moy, Eastern U.S. division
manager; and Mike Schmittlein EMEA division manager.
DuCharme has a Bachelor of Arts in economics from the University of
California, Santa Cruz, and a master’s in international management from
the American Graduate School of International Management (Thunderbird).
He succeeds Sanjiv
Sanghvi who the bank previously announced was named head of its
Western Region for Commercial Banking.
Wells Fargo’s International Group operates from 35 countries outside the
U.S., including branches in Beijing, the Cayman Islands, Dubai
International Financial Center (DIFC), Hong Kong, London, Seoul,
Shanghai, Singapore, Taipei, Tokyo, and Toronto.
About
Wells
Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.8 trillion in assets. Founded in 1852
and headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial finance
through 8,700 locations, 13,000 ATMs, the internet (wellsfargo.com) and
mobile banking, and has offices in 36 countries to support customers who
conduct business in the global economy. With approximately 265,000 team
members, Wells Fargo serves one in three households in the United
States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015
rankings of America’s largest corporations. Wells Fargo’s vision is to
satisfy our customers’ financial needs and help them succeed
financially. Wells Fargo perspectives are also available at Wells
Fargo Blogs and Wells
Fargo Stories.