Wells Fargo named Elena M. Gallo as government banking division executive. Gallo, a 35-year financial services veteran, succeeds Mara Holley, who is retiring after leading government banking since 2015. Gallo is based in New York.
Gallo has served as Northeast market executive for government banking since 2019, leading a team of relationship managers from Virginia to Maine. They serve the financial needs of federal and state agencies and authorities, water districts and school districts.
“We’re fortunate to have someone with Elena’s leadership ability and expertise in big, complex government entities,” Phillip Smith, vice chair of specialized industries, which includes government banking said. “Her wealth of experience will propel our team and clients to new levels of success.”
In her new role, Gallo will lead government banking nationwide for Wells Fargo’s commercial banking division, serving more than 3,000 government agencies, public utilities, transportation and housing authorities in 43 states.
“I am thrilled about Elena’s elevation to the new division executive role for our government banking businesses,” Holley, whose Wells Fargo career spanned 30 years, said. “I am confident she will lead our team with energy and wisdom in support of our clients.”
Gallo joined Wells Fargo in 2003 in treasury management sales and became Northeast Regional vice president in 2017. Before that, she worked more than a decade at JPMorgan Chase. A native of New York, Gallo earned a bachelor’s degree in business administration from Wagner College on Staten Island.
