SAN FRANCISCO, May 22 /PRNewswire-FirstCall/ -- Wells Fargo & Company
(NYSE: WFC) said today that it has hired Bob Gotelli as head of Global
Sales for Corporate Foreign Exchange. Wells Fargo Foreign Exchange trades
over $4 trillion per year and helps commercial companies, correspondent
banks and consumers move money globally and designs customized currency
risk management and currency investment solutions.
"Bob will provide strong leadership for our teams as they help our
customers navigate the global landscape and succeed financially," said Sara
Wardell-Smith, head of Foreign Exchange for Wells Fargo. "Daily turnover in
the foreign exchange markets grew over 70 percent the last 3 years alone.
Our clients rely on us to help them take advantage of the opportunities in
global finance and to reduce risk in cross-border business."
Gotelli spent the last 18 years with Bank of America, most recently
serving as Global Head of Foreign Exchange Sales.
Wells Fargo & Company is a diversified financial services company with
$595 billion in assets, providing banking, insurance, investments, mortgage
and consumer finance through almost 6,000 stores and the internet
(wellsfargo.com) across North America and internationally. Wells Fargo
Bank, N.A. is the only bank in the U.S., and one of only two banks
worldwide, to have the highest possible credit rating from both Moody's
Investors Service, "Aaa," and Standard & Poor's Ratings Services, "AAA."
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