Wells Fargo Fortune 500 TURBO Report

Last updated: October 17, 2019

Wells Fargo & Company
420 Montgomery Street
San Francisco, CA 94163
United States
Phone: (866)-878-5865
Website: http://www.wellsfargo.com
Sector: Financial Services
Industry: Banks - Global
Full Time Employees: 262,800

The Wells Fargo databahn TURBO Report was researched and developed with the IT sales executive and the IT marketer in mind. Our goal is simple; eliminate the costly research time and help you identify new sales revenue opportunities.

Top 10 reasons to buy the Wells Fargo databahn TURBO company profile report:

1. Create a better and more informed RFP Response proposal
2. Brief your C-level executives before a sales call
3. Eliminate the time it takes to build a strategic account plan
4. Develop more effective account based marketing (ABM) programs
5. Discover sales opportunities you're not aware of
6. Understand the competitive landscape in the account
7. Ramp up new sales reps faster in new accounts
8. Need accurate contact information & org charts
9. Insights into IT projects & initiatives
10. Expand footprint in existing large enterprise accounts

Some of the insights & detailed information you can expect to see in the Wells Fargo databahn TURBO Report:

• Comprehensive Business Description
• Latest Earnings Call Highlights from the CEO
• Accurate Contacts for the Executive Leadership Team and Board of Directors
• Detailed Org Charts on corporate structure, board of directors, and the executive leadership team
• Hand curated content from selected articles, interviews, case studies, and success stories (representing dozens of hours of research)
• Technology Executive Insights to existing IT & telecom systems, projects, initiatives, and internal code names for applications, systems, and IT business units
• Insights gleaned from technology related job descriptions
• Important excerpts and highlights from the Annual Report (10-K)

Available for download now!

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As Wells Fargo seeks a new CEO, it loses $24 billion in market value

• Chief Executive Officer Tim Sloan exited the firm abruptly. 
• Interim CEO Allen Parker said he wasn’t directly involved in the search and didn’t know when it would end.
• Chair Betsy Duke said the board would act with urgency to recruit an outsider.

BofA's Cathy Bessant in the running for Wells Fargo CEO role

• Bessant is Charlotte-based Bank of America's Chief Operations and Technology Officer.
• Wells Fargo previously said its board would search externally to fill the CEO role.

Wells Fargo Unveils Commercial Banking Leadership in the Northeast

• With its newly formed national Specialized Industries group, Wells Fargo also provides expertise across industries including Food, Beverage & Agribusiness; Investor Real Estate; Government; and Technology through its regional presence.
• Greg O’Brien has been named division executive for Wells Fargo Commercial Banking’s Northeast Division.
• “Boston is a key growth market for our company and business” – Kristin Lesher, head of Wells Fargo Commercial Banking’s East Region

Wells Fargo Advisors to Cut Branch Complexes, Prioritizing Digital Transformation

• Wells Fargo Advisors is trimming more costs from its branch-management structure, cutting the number of complexes in its retail brokerage network by around 15% to 91 from almost 110.
• Remaining complex managers will be reclassified as “market” leaders, a rubric used by rival Merrill Lynch, and will oversee both “private client group” branch managers and Wells Fargo Bank-based “regional brokerage managers.”
• Wells Fargo had a tech budget of $9 Billion.

Wells Fargo Names Industry Leaders to Technology Organization

• Wells Fargo names Gary Owen as Chief Information Security Officer and Head of Information Security, and Steve Hagerman as Head of Consumer Lending Technology.
• Both will join the company’s Technology organization reporting directly to Saul Van Beurden, Head of Technology.

Wells Fargo could be putting more of its focus on wealth management

• Wells Fargo is getting ready to jettison certain unessential businesses. Kristi Mitchem, the former head of the bank's asset management group, left earlier this year to lead the global asset management unit at BMO Financial Group.
• Principal Financial Group was in advanced talks to buy Wells Fargo's retirement plan services businesses, in a deal that could exceed $1 billion.

Wells Fargo Announces Next Step in Technology Transformation

• A new technology leader will be hired who will report directly to CEO Tim Sloan and will join the Wells Fargo Operating Committee.
• The new technology leader will lead a combined Enterprise Information Technology and Enterprise Information Security team.
• “Technology and information security are at the heart of what allows us to satisfy our customers’ financial needs and help them succeed financially" – Tim Sloan, Former CEO of Wells Fargo