SAN FRANCISCO - June 17, 2010
Wells Fargo & Company (NYSE: WFC) today announced that Richard Yorke has been named head of Wells Fargo’s International Group, reporting to Dave Zuercher, Group Head of International & Insurance Services. Yorke will be based in San Francisco and have responsibility for Global Financial Institutions & Trade Services, International Financial Services and Global Operations. He will join Wells Fargo in October.
Yorke brings to Wells Fargo a wide range of banking experience focused on corporate and commercial banking, financial institutions, and trade finance. He worked with HSBC for 20 years in various international roles and spent time in Dubai, Hong Kong, Indonesia, Jersey in the Channel Islands and the U.S. Most recently he served as Group General Manager and president and CEO of HSBC Bank (China) Company Limited.
“Richard’s extensive experience and his enthusiasm for this business will be great assets as we continue to build our international capabilities to help us meet all our customers’ financial needs,” said Dave Hoyt, head of Wholesale Banking. “We are thrilled to welcome Richard to Wells Fargo.”
“We know our customers look to us to help them with their international banking needs,” said Dave Zuercher. “As a major banker to financial institutions in the world, we look to satisfy those needs by linking our domestic customers with that vast international network. Our team and capabilities in this business are second to none, and were made even better with the Wachovia merger. Richard’s proven leadership ability and broad experience will provide excellent leadership to the team."
Wells Fargo is currently ranked number No. 1 in overall institutional customer satisfaction and No. 2 in the world in worldwide market share for primary global correspondent banking relationships by FImetrix. Wells Fargo serves individuals, businesses, corporations, financial institutions, and multilateral and international agencies with a wide range of international solutions using its 53 overseas locations, including branches in Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo and the Cayman Islands.
“I am very excited to join the Wells Fargo team,” said Yorke. “I have long admired Wells Fargo’s consistent focus on helping customers with all aspects of their business, and I look forward to working with the outstanding professionals in the International Group and the rest of the company. It will be my mission to continue to add value to the long-time, deep relationships Wells Fargo enjoys with small, middle market and large corporate businesses, and with financial institutions around the world.”
Yorke has also been active in promoting the foreign banking industry in China, assuming the inaugural role of Director of the China Banking Association’s Foreign Bank Working Committee in 2007. As an active member of his local community, he was named an “Honorary Citizen of Shanghai” in 2009 for his outstanding contributions to developing Shanghai into a financial services center, training local talent in the banking industry, and supporting education and social welfare development in the city. He is also a recipient of the Magnolia Award from the Shanghai Municipal Government and a member of the Board of Trustees of Shanghai’s Tongji University.
Yorke is a graduate of the University of St. Andrews in Scotland and has a Joint Honors degree in German and Economics.
About Wells Fargo
Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 10,000 stores and 12,000 ATMs and the Internet (wellsfargo.com and wachovia.com) across North America and internationally.