Derek A. Flowers
Senior EVP, Head of Strategic Execution and Operations at Wells Fargo
Derek Flowers is senior executive vice president and head of Wells Fargo’s Strategic Execution and Operations Office, responsible for driving transformation and achieving operational excellence across all of the company’s businesses to enable the company to better execute against our regulatory priorities. A 21-year veteran of the company, he is a member of the Wells Fargo Operating Committee and is based in Charlotte, North Carolina. Derek was previously Wells Fargo’s chief credit and market risk officer, responsible for leadership and oversight of all credit, counterparty, and market risk undertaken throughout the company. In that role, he oversaw all credit risk through the company’s lending activities and provided oversight of all company and line-of-business credit policies. He also chaired the Credit Risk Management and Market Risk Committees, and assisted management and the Board of Directors in identifying and monitoring credit, counterparty, and market risk. Before that role, Derek was chief credit and market risk officer for Wells Fargo Securities and Wells Fargo’s Corporate Banking groups, which include the company’s corporate, energy, power and utilities, gaming, restaurant, and sponsor finance businesses. He also had credit responsibilities for the Principal Investing Group and a portion of the treasury portfolio. Prior to joining Wholesale Credit, he served as the head of credit for Wells Fargo Securities, which included the Asset-Backed Finance and Principal Investing groups as well as customer derivative activities and wholesale counterparty group. He also led the corporate credit investing group within Wells Fargo’s Securities Investment Group and was a manager for the Strategic Initiatives Division of the International and Insurance Services Group. Derek began his career with Wells Fargo as an assistant loan officer in Wholesale Banking. He subsequently served as a loan officer in multiple wholesale lines of business. Derek received his B.S. degree in finance and entrepreneurship from the University of Arizona. He received his MBA from the University of Michigan Business School.