Frederick O. Terrell will join Wells Fargo’s corporate and investment bank as vice chairman of investment banking on Jan. 2. He will serve as a member of the corporate and investment bank’s senior leadership team and deliver strategic and transactional advice to clients across the platform. Terrell will be based in Los Angeles, where he will leverage his longstanding relationships to lend particular focus to clients on the West Coast.

“We are excited to welcome Fred to Wells Fargo,” Jon Weiss, CEO of Wells Fargo’s corporate and investment bank, said. “With 40 years of experience in banking, private investment and corporate governance, he will bring to our clients an in‑depth, enterprise-level perspective on the opportunities and issues facing their businesses. We look forward to the contributions he will make to our clients and our platform.”

“Fred is an important addition to the company as we continue to invest and drive growth in our corporate and investment bank,” Tim O’Hara, head of banking for Wells Fargo’s corporate and investment bank, said. “He brings deep experience, and our business and clients stand to benefit greatly from his ideas and advice.”

Terrell will join Wells Fargo from Centerbridge Partners, where he served as a senior advisor focused on the financial services and technology sectors since 2020. Prior to that, he spent eight years at Credit Suisse, where he ultimately served as executive vice chairman of investment banking and capital markets. From 1997 to 2009, he was founder and managing partner of Provender Capital Group, which made private equity investments in emerging and growth‑oriented companies. Terrell began his investment banking career in 1983 at The First Boston Corporation, where he was a member of the financial institutions group before heading the bank’s mortgage finance department from 1992 to 1997. He was among the first African American partners on Wall Street and has received industry recognition and awards throughout the course of his career.

Terrell has served as a director on numerous corporate boards and is currently a director on the board of Paramount Global. He previously served on the boards of directors of BNY Mellon Corporation; Carver Bancorp Inc., the nation’s largest African American managed bank; CBS Corporation; Computer Services, Inc. (CSI); Mobility Capital Finance (MoCaFi), an early‑stage company focused on the expansion of financial inclusion for underserved communities; The New York Life Insurance Company; Vroom; and WellChoice.

In addition, Terrell’s nonprofit activities include currently serving on the boards of the Kaiser Family Foundation (KFF); the Partnership Fund for New York City, for which he helped establish the fund’s Fintech Innovation Lab; the Planet Word Museum; and the Fore Youth Golf Foundation, which was founded to expand youth golf in south Los Angeles. He serves on the Rockefeller Foundation Investment Committee and the advisory boards of the Center for a New American Security (CNAS) and the Black Economic Alliance (BEA) for which he was a founding board member. He is a member of the Council on Foreign Relations (CFR) and the Economic Club of New York.