Gallagher to Lead Wells Fargo European Banking Platform
JUL 11, 2019 - 6:35 am
Wells Fargo named Fiona Gallagher the new chief executive officer for Wells Fargo Bank International Unlimited (WFBI), effective October 1, 2019. She will be based in Dublin and report to John Langley, president of Wells Fargo’s Europe, Middle East and Africa (EMEA) region, and the WFBI Board of Directors.
In her position as WFBI CEO, Gallagher will be responsible for the leadership, management and governance of Wells Fargo’s European Bank, including its branches in the UK and Germany. In addition, she will serve as executive director on the WFBI board and on board and management committees as required.
A 15-year Deutsche Bank veteran, Gallagher most recently was managing director, global head of Securities Services and chief country officer for Ireland. Her dual role included responsibility for custody, clearing and settlement, as well as fund administration services across 30 markets globally. She was also responsible for overseeing local operations across all divisions to further develop Deutsche Bank’s Irish business.
Previously, she held a number of leadership positions in Dublin and London, such as managing director and global co-head of coverage for Institutional Cash and Securities Services; director and global head of Relationship Management, Capital Markets and Treasury Solutions; and director and global head of Private Placements.
Prior to Deutsche Bank, Gallagher worked in New York, USA, for Barclays Capital and Merrill Lynch.
“We are delighted to welcome Fiona to Wells Fargo,” said Langley. “As a bank, we are committed to helping our customers reach their financial goals, and with Fiona’s leadership skills, alongside the support of our regional banking team, we are well positioned to grow our European Bank in line with our regional strategic objectives.”
Louise Li, interim chair of Wells Fargo Bank International UC, said, “On behalf of the board of Wells Fargo’s European bank, we are extremely pleased that Fiona is joining Wells Fargo. With Fiona’s industry experience, our European Bank and stakeholders will benefit from her expertise as we continue to strengthen and develop our platform.”
WFBI is an indirect subsidiary of Wells Fargo, an Irish-registered and Irish-regulated bank benefiting from a freedom of services passport allowing it to provide support and services to Wells Fargo’s clients in all European Union and European Economic Area countries. WFBI is the only Wells Fargo bank entity outside of the U.S. and is a critical part of Wells Fargo’s European and international operations.
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