Wells Fargo & Co. (NYSE: WFC) named Charles Silverman as its new head of the global financial institutions group, which offers international banking services through a network of 30 international officers.
The spot was previously held by Michael Heavener, who retired on September 1st after working for 42-yaers at the San Francisco-based bank. Silverman, currently an executive vice president for global financial institutions product distribution and network services, joined Wells Fargo’s predecessor I n1988.
Wells Fargo & Co. (NYSE: WFC)’s international group has more than 2,500 employees in 24 different countries.
Wells Fargo & Company is a diversified financial services company. The Company provides retail, commercial and corporate banking services through banking stores located in 39 states and the District of Columbia. It provides other financial services, through subsidiaries engaged in various businesses, principally wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. The Company operates in three segments: Community Banking, Wholesale Banking, and Wealth, Brokerage and Retirement. As of December 31, 2009, the Company provided banking, insurance, investments, mortgage and consumer finance from more than 10,000 stores under various types of ownership and leasehold agreements.
Shares of Wells Fargo & Co. (NYSE: WFC) traded down 0.71% during mid-day trading on Monday.
