Wells Fargo Capital Finance Names Guy Fuchs President and COO
Wells Fargo & Company (NYSE:WFC) today announced that Guy Fuchs has been appointed president and chief operating officer of Wells Fargo Capital Finance, the bank’s asset-based lending unit, effective immediately. Fuchs, a 14-year veteran of the firm, will continue to report to Henry Jordan, chairman and chief executive officer of Wells Fargo Capital Finance. In his new role, Fuchs will oversee the three core business groups of Capital Finance and the shared service teams that are critical to those groups’ operations.
“By appointing Guy to this newly created role, we’ve created a framework for continuous, consistent leadership that will support our organization’s long-term growth”
“By appointing Guy to this newly created role, we’ve created a framework for continuous, consistent leadership that will support our organization’s long-term growth,” said Jordan. “We saw double-digit growth in loans outstanding in 2014, and our factoring volume puts us among the largest bank-owned factors in the world. I’m confident that Guy’s extensive knowledge, leadership and industry experience will enhance our efforts for continued growth in helping our customers succeed financially.”
Fuchs, with 25 years of industry experience, joined Wells Fargo in 2001 and most recently served as executive vice president and the head of the Corporate Finance group at Wells Fargo Capital Finance. Prior to joining Wells Fargo, he held various leadership roles at GE Capital and CIT Group. Fuchs earned a bachelor’s degree in accounting from Indiana University, and was a certified public accountant before entering the asset-based lending industry.
About Wells Fargo Capital Finance
Wells Fargo Capital Finance is the trade name for certain asset-based lending services, senior secured lending services, accounts receivable and purchase order finance services, and channel finance services of Wells Fargo & Company and its subsidiaries, and provides traditional asset-based lending, specialized senior and junior secured financing, accounts receivable financing, purchase order financing and channel finance to companies across the United States and internationally. Dedicated teams within Wells Fargo Capital Finance provide financing solutions for companies in specific industries such as retail, software publishing and high-technology, commercial finance, staffing, government contracting and others. For more information, visit wellsfargocapitalfinance.com.
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
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