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Executive Team

The Wells Fargo Preferred Capital executive team is committed to supporting the consumer finance industry and all its customers. We participate in numerous syndicated credits, in many cases acting as lead agent in these bank groups.

Tom Murphy | Michael D. Dobson | William M. Laird | Sharon L. Mancero | Richard A. Snyder

Tom Murphy

Executive Vice President, Head of Wells Fargo Preferred Capital

Tom is an Executive Vice President and the head of Wells Fargo Preferred Capital (WFPC), an asset-based consumer lending division of Wells Fargo Bank, N.A.

Tom joined Wells Fargo’s predecessor, Norwest, as a Credit Manager in the firm’s U.S. Consumer operations in 1985. In 1992, he was promoted to Director with Wells Fargo Financial. In 1997, Tom returned to Des Moines to start up the operations of Wells Fargo Preferred Capital. He served in various executive roles and was named president of Wells Fargo Preferred Capital in 2006.

Tom has a Bachelor of Science degree from the University of Nebraska at Lincoln, is a graduate of the Norwest College of Commercial Credit, and has completed negotiations training seminars through the Kellogg School of Management. He is a past member of United States Marine Corps Reserve and attended Officer’s Candidate School in Quantico, Virginia.

Tom serves as co-chair of Wells Fargo’s Central Iowa Diversity council and is a long-time leadership giver and executive sponsor of the United Way of Central Iowa. Tom, his wife, and three children reside in West Des Moines, Iowa.

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Michael D. Dobson

Managing Director

Mike is a managing director and the head of the Consumer Compliance Risk Assessment and Due Diligence team within Wells Fargo Asset-Backed Finance (ABF). Mike leads the due diligence and client analysis teams and all review activities of the Consumer Finance Group, Preferred Capital, Mortgage Finance Group, and Mortgage Banker Finance Group.  Mike’s team also conducts reviews on behalf of other Wholesale lines of business, providing commercial credit and services to clients engaged in consumer finance and related business activities.

Mike joined Wells Fargo in 1992 as a credit manager in Jacksonville, Florida, and has held roles of increasing responsibility in branch management, compliance, client relationship management, portfolio management, and risk management over his career.  Mike is based in Charlotte, North Carolina.

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William M. Laird

Senior Vice President

Bill has been the National Portfolio Manager for Wells Fargo Preferred Capital since 2011. Based in Philadelphia, Bill oversees the Philadelphia- and Des Moines-based Relationship Managers and Credit Analysts, along with the Preferred Capital portfolio, and works with marketing to assess the viability of new transactions. Bill and his team leverage their expertise and firsthand knowledge of the consumer and auto finance industries and related business operations to provide customers with the capital they need.

Prior to becoming National Portfolio Manager, Bill oversaw the Philadelphia-based operations and commercial portfolio for Preferred Capital. His experience in the industry includes auditing, marketing, and relationship management at CoreStates, Bank United, and Washington Mutual prior to joining Wells Fargo in 2002.

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Sharon L. Mancero

Senior Vice President

Sharon’s responsibilities include all marketing and business development efforts for Wells Fargo Preferred Capital. Sharon began her career at Wells Fargo Financial Leasing as a Regional Sales Manager in 1992 in Boston, Massachusetts. In 1996, she was promoted to Vice President, Sales and was transferred to St. Louis, Missouri, to oversee business development and national accounts for the leasing group. She was later transferred to headquarters for the leasing group in Des Moines, Iowa, in 1998. Sharon joined Preferred Capital in 2001 as Vice President.

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Richard A. Snyder

Managing Director

Rick Snyder is a Managing Director and head of ABL origination and consumer ABS and finance cross-sell for the Wells Fargo Securities Asset-Backed Finance Group. Responsible for maximizing cross-sell initiatives for the ABL and ABS groups, Rick works closely with product specialists throughout Wells Fargo to help meet all the financial needs of prospective and existing customers.

Rick began his career as a Credit Manager in the U.S. consumer operations of Wells Fargo in 1990 and was promoted to Branch Manager two years later . In 1994, Rick was promoted to Assistant Vice President of Wells Fargo Resources in Des Moines, Iowa, where his primary responsibilities included sourcing merger-and-acquisition opportunities. In 1997, Rick was promoted to Vice President to initiate the start-up operations of Wells Fargo Preferred Capital. Rick held various positions within Preferred Capital, then was promoted to Managing Director, Well Fargo Securities, in August 2012.

Rick has served on the board for Easter Seals of Iowa, a nonprofit providing services for children and adults with disabilities. Rick attended the University of Akron and holds a Bachelor of Science degree in Finance.

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