Wells Fargo Names Fiona Gallagher to Lead Its European Banking Platform
July 10 2019 - 8:00AM
Business Wire
Wells Fargo & Company (NYSE:WFC) announced today that Fiona
Gallagher has been named as the new chief executive officer for
Wells Fargo Bank International Unlimited Company (WFBI), effective
Oct. 1. She will report to John Langley, president of Wells Fargo’s
Europe, Middle East and Africa (EMEA) region, and the WFBI Board of
Directors. Gallagher will be based in Dublin, Ireland.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190710005069/en/
Wells Fargo names Fiona Gallagher the new
CEO for WFBI (Photo: Business Wire)
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, UK,
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.”
Gallagher holds a Bachelor of Civil Law and a Finance and
Marketing Diploma in Business Studies from University College
Dublin. She succeeds Muiris O'Dwyer, who has been acting as the
interim CEO of WFBI since August 2018.
WFBI is an indirect subsidiary of Wells Fargo & Company. The
Bank is 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.
With more than 1,500 team members in EMEA, Wells Fargo is
focused on enabling global businesses. Taking a disciplined and
considered approach, Wells Fargo aims to deepen its stakeholder
relationships by serving its customers — such as U.S. and global
corporates, financial institutions and institutional investors —
within a strategic and regulatory compliant framework. The
company’s five core businesses in EMEA include Corporate and
Investment Banking, Commercial Capital, Commercial Real Estate,
Middle Market Banking and Asset Management.
Wells Fargo’s International Group operates from 31 countries
outside the U.S., from locations including the Cayman Islands,
Dublin, Dubai International Financial Center (DIFC), Frankfurt,
Hong Kong, London, Luxembourg, Paris, Seoul, Shanghai, Singapore,
Taipei, Tokyo and Toronto.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
investment and mortgage products and services, as well as consumer
and commercial finance, through 7,700 locations, more than 13,000
ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 33 countries and territories to support customers who
conduct business in the global economy. With approximately 262,000
team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 29 on
Fortune’s 2019 rankings of America’s largest corporations. News,
insights and perspectives from Wells Fargo are also available at
Wells Fargo Stories.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190710005069/en/
Adaora Anunoby adaora.n.anunoby@wellsfargo.com /+44 (0)203 942
9563
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Apr 2023 to Apr 2024