Wells Fargo Appoints New Head of Corporate Development
March 27 2015 - 12:30PM
Business Wire
Bruce Helsel to retire, Julie Caperton
promoted to lead group
Wells Fargo & Company (NYSE:WFC) announced that Julie
Caperton has been named head of Corporate Development, a position
responsible for supporting business leaders across Wells Fargo by
managing the company’s acquisition and divestiture process.
Caperton, who joined the company in 2002, will report to Paul
Ackerman, corporate treasurer, and will be based in Charlotte.
Julie Caperton, new head of Corporate
Development at Wells Fargo & Company (Photo: Business Wire)
“Today’s appointment reflects one of Wells Fargo’s enduring
strengths: the depth of its executive talent,” Ackerman said.
“Throughout Julie’s career she has demonstrated high-caliber
leadership, so we’re pleased she can now bring that expertise and
experience to a key position within Wells Fargo.”
Caperton joins Corporate Finance after serving as head of
Wholesale Banking’s Asset-Backed Finance & Securitization (ABF)
team in Wells Fargo Securities. In that role, she led the
origination, distribution, and retained risk management for
structured finance and securitization transactions. In the last
four years, Caperton and the ABF team experienced double-digit
growth in revenue and net income to become an important contributor
to Wholesale Banking’s financial results.
Bruce Helsel, former head of Corporate Development, will retire
at the end of March 2015 after a 29-year career with Wells Fargo.
Since joining the company in 1984, Helsel has held leadership roles
in Financial Risk Management, Community Banking, and Wholesale
Banking. He became head of Corporate Development in 2006 and since
then has led Wells Fargo through 60 mergers and acquisitions.
“Throughout his tenure, Bruce’s wise counsel and attention to
detail allowed us to develop and grow in a manner consistent with
our vision and values,” said CEO John Stumpf. “We are proud of
Bruce’s legacy and his contributions over the decades to our shared
achievements.”
Long-time team member Caperton has also held executive
leadership roles in the Corporate Trust Services (CTS)
business under Wells Fargo’s Specialized Lending, Service and
Trust division. Prior to joining the former Wachovia in 2002,
Caperton was a securities law and structured finance attorney with
a large law firm. She earned her Juris Doctorate degree from Wake
Forest University and her Bachelor of Arts degree in English and
history from Syracuse University.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide,
diversified, community-based financial services company with $1.7
trillion in assets. Founded in 1852 and headquartered in San
Francisco, Wells Fargo provides banking, insurance, investments,
mortgage, and consumer and commercial finance through more than
8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and
mobile banking, and has offices in 36 countries to support
customers who conduct business in the global economy. With
approximately 265,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was
ranked No. 29 on Fortune’s 2014 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy all our customers’
financial needs and help them succeed financially. Wells Fargo
perspectives are also available at Wells Fargo Blogs and Wells
Fargo Stories.
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