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Wells Fargo Commercial Capital Promotes David Koshenina to Head of Lender Finance Group

07/15/2019
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SANTA MONICA, Calif. – Wells Fargo Commercial Capital (WFCC) recently announced that David Koshenina is head of its Lender Finance Group. In his new role, he will lead a team that provides asset-based lending for specialty finance companies, including other asset-based lenders, factors, equipment leasing, and other nonbank lenders. He is based in Dallas, and reports to Nick Cole, head of the WFCC’s Specialty Finance Group. Koshenina succeeds Cyndi Giles, who has taken a new executive role for Wells Fargo Commercial Banking in North Texas and Oklahoma.

“David has deep experience with our Lender Finance customer base, strong relationship development and leadership skills, and history of achieving outstanding results that add value to our team and our clients,” said Cole. “He will play key roles in developing our capabilities and providing working capital for specialty finance firms globally.”

Koshenina, a 12-year company veteran who most recently served as managing director of Loan Sales and Syndications for Wells Fargo Capital Finance. Before joining Wells Fargo, he was a turnaround consultant for Alvarez & Marsal and spent six years in Investment Banking at Piper Jaffray Companies covering financial institutions. He holds an undergraduate degree from University of Wisconsin, and an MBA from the University of California, Los Angeles.

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. 

About Wells Fargo Commercial Capital

Wells Fargo Commercial Capital is a market‑leading provider of working capital, investment capital, trust services, and sales financing solutions that help Wells Fargo customers optimize liquidity and grow their business through their life cycle. Commercial Capital products, services and capabilities are offered by 6,000 team members across the U.S. and the globe through seven core areas: Capital Finance, Commercial Distribution Finance, Corporate Trust Services, Equipment Finance, Renewable Energy & Environmental Finance, Specialty Finance, and Strategic Capital.

Media Hayley Anklam, 415-769-1027 Hayley.Anklam@wellsfargo.com http://www.twitter.com/HayleyAnklamWF

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