Wells Fargo Launches Emerging Middle-Market Segment in New York

Wells Fargo launched an emerging middle-market (EMM) segment within its Metro New York commercial banking team. The new segment will focus on banking services for companies with revenues between $10 million and $75 million, and will be led by Alicia Iskhakova in New York City and John DeSclafani in New Jersey.

The new segment will offer a suite of products and services to serve the needs of companies both in the commercial and industrial and investor real estate sectors, including multifamily and commercial real estate financing.

Iskhakova has more than 18 years of experience in retail, business banking and commercial real estate. Reporting to Michael Keenan, New York market executive for Wells Fargo, Iskhakova will be responsible for building out a new EMM team in the bank’s 42nd Street offices in New York City.

Before joining Wells Fargo, Iskhakova worked at JPMorgan since 2004, holding various banking and manager roles. Her most recent achievement involved building and implementing a nationwide treasury platform tailored to real estate investors.

Iskhakova volunteers with several nonprofit organizations focused on empowering women, developing communities and providing financial education.

Reporting to Peter Dontas, New Jersey market executive for Wells Fargo, DeSclafani will be based in Paramus, NJ, and be responsible for building and maintaining a team of commercial relationship managers focused on the EMM segment across New Jersey, with offices in multiple locations within the state (Marlton, Iselin, Red Bank and Summit).

DeSclafani joined Wells Fargo seven years ago and has held various roles within the commercial banking team, serving as a business banker, a middle-market banker and a business banking leader. Prior to Wells Fargo, he held positions with JPMorgan Chase and Bank of America.

DeSclafani currently volunteers on finance and investment committees of the Christian Health and was recently appointed to serve on its foundation board as a trustee.

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