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Dean Junkans Named Chief Investment Officer Of Wells Fargo Advisors And Wells Fargo Private Bank

SAN FRANCISCO - March 1, 2012

Wells Fargo today announced that Dean Junkans has been named Chief Investment Officer of Wells Fargo Advisors and Wells Fargo Private Bank. In this role he will lead and coordinate key elements of the groups’ collective investment strategy and advice across the full wealth management, brokerage, retirement and ultra-high-net-worth business at Wells Fargo, representing $1.3 trillion in client assets under management. Prior to the promotion Junkans served as Chief Investment Officer of The Private Bank.

“Following the conclusion of our successful merger, we created this new position to ensure our investment team is structured to deliver our best thinking, our best ideas and our best solutions to clients, no matter where they do business with us,” said David Carroll, head of Wells Fargo Wealth, Brokerage and Retirement (WBR).

Junkans will work with investment professionals across WBR to form common capital market assumptions, develop a single set of asset allocation strategies and implement a multi-asset class investment model. “There is a tremendous amount of investment expertise, talent and experience among our various teams, and I’m very excited to lead this group as we continue our efforts to deliver a consistent experience – and our best results – to our clients,” said Junkans.

Junkans has held numerous leadership and portfolio management positions in his 28-year investment career. He has personally managed high-net-worth and ultra-high-net-worth investment portfolios, and is active in speaking to clients and prospects about investing and the markets. Junkans earned a Bachelor of Science degree from the University of Wisconsin at River Falls and a master’s degree from Purdue University. He was awarded the Chartered Financial Analyst designation in 1990. Junkans also is a U.S. Army veteran, and has authored a book geared toward individual investors.

About Wealth, Brokerage and Retirement
Wells Fargo Wealth, Brokerage and Retirement (WBR) is one of the largest wealth managers in the U.S., with $1.3 trillion client assets as of December 31, 2011. WBR includes Wells Fargo Advisors, the third-largest brokerage in the U.S.; Wells Fargo Private Bank, the fourth largest Wealth Management firm serving high-net-worth individuals and families; Abbott Downing, serving ultra-high-net-worth individuals and families, their foundations and endowments; and Wells Fargo Retirement, which manages $236 billion in 401(k) and pension assets for 3.6 million Americans.

Wells Fargo Advisors is the trade name used by two separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company: Wells Fargo Advisors, LLC, and Wells Fargo Advisors Financial Network, LLC (Members SIPC). First Clearing, (Member SIPC) is a separate broker-dealer of Wells Fargo & Company (First Clearing is a non-bank affiliate).

About Wells Fargo & Company
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 ( and, and other distribution channels across North America and internationally. With more than 270,000 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. (1/17/12)

Vince Scanlon
(336) 732-6387