Seeking to better align its international banking services with the customers it serves, Wells Fargo announced its International Group will be integrated into other Wholesale Banking business lines, enhancing how they serve middle market, corporate and financial institution customers doing business globally.
“As more of our customers do business globally, our international capabilities and expertise have evolved and become increasingly important to their success,” said Perry Pelos, senior executive vice president and head of Wholesale Banking. “We remain committed to serving the global needs of our customers and want our international services to be well integrated into the business lines that serve them. This new structure simplifies our operations for the benefit of our customers, and ensures we continue to operate efficiently in today’s complex business environment.”
Wells Fargo has been investing in and strengthening its international presence and capabilities to serve existing customers doing business internationally and foreign multinationals doing business in the U.S.
Through its International Group, Wells Fargo provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange and trade services. These services will now be integrated into the Wholesale Banking group in the following way:
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