Team announcement

Michael Liersch Joins Wells Fargo as Head of Advice and Growth Strategies in Private Wealth Management

Michael Liersch Joins Wells Fargo as Head of Advice and Growth Strategies in Private Wealth Management, Wells Fargo

Wells Fargo & Company (NYSE: WFC) today announced Michael Liersch as the head of Advice and Growth Strategies for Private Wealth Management, a division of Wealth & Investment Management. In this new role, Liersch will lead a newly combined team responsible for the delivery of all comprehensive planning services and growth strategies for clients of Wells Fargo Private Bank and Abbot Downing. The team also includes the business’s comprehensive family dynamics, as well as family and business history services.

Liersch joins Wells Fargo from JPMorgan Chase, where he served as managing director and global head of Wealth Planning & Advice. Prior to his role at JPMorgan Chase, he served as head of Behavioral Finance and Goals-based Consulting at Bank of America-Merrill Lynch, and as head of Behavioral Finance at Barclays Wealth, Americas. He was also a faculty member at New York University, where he taught management and organizational analysis.

“Michael’s extensive experience, his diverse background in behavioral finance, and his deep understanding of our clients’ complex planning needs are a natural fit for this new role,” said Julia Wellborn, head of Wells Fargo Private Wealth Management. “With his unique qualifications, Michael’s arrival at Wells Fargo at this unprecedented time will enhance our ability to serve clients who are looking for advice now more than ever.”

“I’m so pleased to be joining Wells Fargo during such a transformational time — for the company, for the Private Wealth Management business, and for our clients who are navigating new levels of uncertainty,” said Liersch. “I’m joining an excellent team, and I look forward to all that we’ll be able to accomplish together.”

Liersch received a bachelor’s degree in economics from Harvard University and a doctoral degree from University of California, San Diego, in cognitive psychology. He is a published author in behavioral finance and a frequent media contributor. He will be based in New York City.

SOURCE: Wells Fargo

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Team announcement

Reetika Grewal Named Head of Digital for Wells Fargo Commercial Banking and Corporate & Investment Banking

Reetika Grewal Named Head of Digital for Wells Fargo Commercial Banking and Corporate & Investment Banking

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that Reetika Grewal has been named head of Digital for Commercial Banking and Corporate & Investment Banking. She will join the company in late April and report to Ather Williams III, head of Strategy, Digital, and Innovation. She will be based in San Francisco. In this new position, Grewal will be responsible for accelerating development and implementation of commercial and corporate banking digital offerings and market-competitive capabilities. She will lead the company’s strategy to improve digital experiences for commercial and corporate clients, simplifying the way businesses interact with Wells Fargo. “We are excited to welcome Reetika to Wells Fargo to lead the digital transformation of our Commercial Banking and Corporate & Investment Banking businesses,” Williams said. “Our clients are looking for seamless solutions to help them run their businesses and manage payments efficiently and securely. Reetika’s proven success in the payments and fintech industry will help us deliver deeper financial experiences.” Grewal joins Wells Fargo from JP Morgan Chase, where she was most recently the head of Digital for the Commercial Bank. Prior to JP Morgan, she worked at Silicon Valley Bank as the global head of Payments Strategy and Solutions. She also previously worked in Online Payments Product Management at Wells Fargo. Grewal has also held positions at startups in product development and strategy roles and in user-centered design consulting. Among the multiple awards and recognition received for her work in the payments and innovation space, Grewal was named one of the PaymentsSource Most Influential Women in Payments four years in a row (2015 – 2018). She also was recognized in the Innovators to Watch list for 2015 by Bank Automation News, and received the Global Power Women in Fintech award in 2015. Grewal was a Presidential Advisory Board member of the Electronic Transaction Association and a Strategic Advisory Board member at FTV Capital. She has a Bachelor of Arts in French and International Relations from the University of Michigan and holds a Master of Business Administration from Washington University. Grewal joins other recently named leaders within Wells Fargo’s Strategy, Digital, and Innovation organization. The company hired Michelle Moore as Digital Platform leader to manage digital experiences for Wells Fargo’s consumer business units. Liz Guthrie was recently named head of Innovation and Research & Development, leading companywide innovation initiatives and research and development that will drive better customer experiences and efficient business growth. And Toby Brown was recently named leader for Strategy, Integration, Planning & Analysis, which is responsible for strategic planning, data and analytical work, and business financials.

Team announcement

Wells Fargo Names Kristy Fercho to Lead Home Lending

Wells Fargo Names Kristy Fercho to Lead Home Lending

Wells Fargo & Company (NYSE: WFC) announced today that Kristy Fercho will join the company at the beginning of August as the new head of Wells Fargo Home Lending. Fercho has 18 years of leadership experience in the mortgage industry and will replace Michael DeVito, who has announced plans to retire later this summer after more than 23 years with Wells Fargo. Fercho will join the company from Flagstar Bank, where she has served since 2017 as president of the company’s mortgage division. Under Fercho’s leadership, the mortgage business flourished, expanding to over 87 retail home lending centers and 2,300 correspondent and broker relationships. Prior to joining Flagstar, she spent 15 years with Fannie Mae, where she led the strategy and business performance of single-family customers in the western United States and also served in customer engagement and human resources roles. Fercho began her career and served in a variety of sales, operations, and human resources roles at Baxter International before moving to Pepsico Inc., where she ultimately was director of worldwide corporate human resources. “Kristy is a customer-first business leader with deep home lending experience. She has been an inspiring and vocal leader across the mortgage industry while driving transformational growth at Flagstar,” said Mike Weinbach, CEO of Consumer Lending at Wells Fargo. “Buying a home remains one of the most important financial decisions our customers will make in their lifetime, and Kristy is the right person to help us ensure that no one can do it better for them than Wells Fargo.” Fercho currently serves as vice chair of the board of the Mortgage Bankers Association, vice chair of the MBA’s Diversity and Inclusion Advisory Committee, co-chair of the Affordable Housing Council, and a member of its Residential Board of Governors. She also serves on the boards of City Year and the Detroit Zoological Society. Her industry accolades include MReport honoring her as one of the Top Women in Housing, Diversity Journal listing her among its Women Worth Watching, National Mortgage Professional Magazine naming her to its list of Most Powerful Women, and the Michigan Chronicle selecting her for its Women of Excellence recognition. DeVito’s retirement comes after a financial services career that spans more than 30 years, including 23 at Wells Fargo. He was selected to lead Wells Fargo Home Lending in January 2018 after serving as head of mortgage production for the company and previously ran its mortgage servicing operations. DeVito also was head of Education Financial Services for nearly three years and led retail fulfillment for Home Lending. Previously, he was a leader in Home Lending’s early e-business initiatives and managed retail home equity. “Michael has always been an active advocate for his teams, our customers, our industry, and the communities where we work,” stated Weinbach. “I am exceptionally grateful for his dedication to doing what’s right for our customers and his passion for helping people become homeowners, and wish him all the best in his retirement.” SOURCE: Wells Fargo

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