SAN FRANCISCO - July 27, 2010
Expanding its global banking capabilities, Wells Fargo & Company (NYSE: WFC) announced a new division to support the financing needs of U.S. companies engaged in international business and work with overseas based multinationals operating in the U.S. Led by 21-year company veteran Sanjiv Sanghvi, Wells Fargo Global Banking provides middle market and large U.S. and foreign owned companies with cross-border financing, working capital, risk and treasury management, and trade finance services.
“At Wells Fargo, we want to serve all of our customers’ financial needs - both domestic and international,” said Sanghvi, head of Wells Fargo Global Banking. “After merging with Wachovia and taking full ownership of the Wells Fargo HSBC Trade Bank, we’re able to distribute our broad set of international services through an expanded global network. Wells Fargo Global Banking has the infrastructure and expertise to provide our customers with increased access to cross-border banking services, including lending and treasury management services.”
Part of Wells Fargo’s International Group, the Global Banking division has opened five new sales offices on the east coast. With new offices in New York, Philadelphia, Charlotte, Atlanta and Miami, the business has a total 14 sales offices throughout the U.S. along with overseas offices in London, Hong Kong and Dublin1. Working closely with Wells Fargo’s network of more than 30 overseas locations, these offices deliver a wide array of commercial services for banks and corporate customers.
For more information on Wells Fargo’s International Group visit www.wellsfargo.com/inatl
1 Dublin office is part of the Wells Fargo Bank International office, a subsidiary of Wells Fargo & Company.
About Wells Fargo
Wells Fargo's International Group serves small businesses, corporations, financial institutions, multilateral organizations and individuals with a full range of international solutions. With more than 30 overseas offices, Wells Fargo is currently ranked #2 for worldwide market share for primary correspondent bank relationships and is one of the largest providers of FX services in North America. Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 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 10,000 banking stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With more than 278,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked #19 on Fortune’s 2009 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.