LONDON - February 1, 2012
Wells Fargo & Company (NYSE: WFC) – recently named by Global Finance as the Best Bank for Payments and Receivables in North America and Best Mobile Solution Provider among cash management providers – said today it has extended its industry-leading suite of cash management solutions to companies based in the United Kingdom and Europe that have strong business interests in the United States.
Wells Fargo’s treasury solutions give corporate treasurers flexibility, visibility, and control with in-market accounts. U.K. and European customers can access local and pan-European payments systems, 40-country ACH payments, their Wells Fargo accounts worldwide, and global cash positions with a single sign-on to the Commercial Electronic Office® (CEO®) business portal. Meanwhile, Wells Fargo operates a regional hub in London, where more than 250 team members provide local support and expertise.
“We use the expertise and technology that we have built over many years to design global products that evolve as quickly as our U.K. and European customers’ businesses expand in the United States,” said Judd Holroyde, senior vice president and head of Global Product Management & Delivery for Wells Fargo. “Our European clients – whether working in the Europe or in the U.S. – can expect their treasury products, channels, and service to be of the high quality that has earned Wells Fargo its industry-leading reputation.”
Wells Fargo Treasury Management products and services help large corporate, middle market, and small business customers efficiently manage their businesses and financial assets. Wells Fargo offers solutions that address today’s treasury department priorities, including optimizing working capital, improving cash forecasting and visibility, automating processes, increasing control and compliance, and managing an ever-broadening set of risks. Greenwich Associates named Wells Fargo a 2011 Greenwich Quality Leader in Large Corporate Treasury Management. According to 2011 Greenwich statistics, Wells Fargo is used as a domestic or international treasury management provider by 54 percent of large U.S. companies.
Wells Fargo International Group serves small businesses, corporations, financial institutions, multilateral organizations, and individuals with a wide range of international solutions from more than 30 global locations, including branches in London, Hong Kong, Seoul, Shanghai, Singapore, Taipei, Tokyo, and the Cayman Islands.
About the CEO portal and the CEO Mobile®service
The CEO portal offers Wells Fargo commercial and corporate customers single sign-on access to more than 80 online banking applications and reports. The CEO Mobile service is an extension of select portal services, giving customers the ability to access accounts and make important decisions when they’re on the move. Customers can use the CEO Mobile service to initiate and approve payments, receive alerts about critical transactions or items that need attention, review account balances and transactions, manage commercial card expense reporting, review and reset rates for expiring term loans, and administer and reset passwords.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 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 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and other distribution channels across North America and internationally. With more than 272,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.