28-year industry veteran to lead expansion efforts for global banking operations in Asia Pacific

SINGAPORE -- (BUSINESS WIRE) --

Continuing to serve the global banking needs of its commercial and corporate customers, Wells Fargo & Company (NYSE: WFC) announced today that Colm McCarthy has been appointed regional head of its Global Banking operations in Asia. McCarthy will focus on growing the global banking business throughout the region as Wells Fargo expands its international services for U.S.-based commercial and corporate customers doing business in Asia, and for Asia-based companies with operations in the U.S. Based in Singapore, he will report to Sanjiv Sanghvi, head of Wells Fargo's Global Banking Group.

Part the company's International Group, the Global Banking division provides financing options, risk and treasury management solutions, and trade finance services to middle market and large U.S. and foreign-owned companies.

"As more of our customers do business throughout the Asia Pacific region, we continue to invest in the resources and talent to best serve them," said Sanghvi. "With his extensive experience in international banking, Colm brings tremendous knowledge and leadership to this role and will help to strengthen our global banking operations in the region."

Before joining Wells Fargo, McCarthy spent 28 years with Bank of America, where he served as managing director and president for Asia. He also held a number of senior corporate banking roles in Singapore, the U.K. and Ireland, including Singapore country manager, head of ASEAN region and head of South Asia for Bank of America. McCarthy served as director on a number of boards, including Wheelock Properties, OCBC Bank and Bank of Singapore. An Irish citizen and permanent resident of Singapore, he has a bachelor of commerce and masters of business studies from University College Dublin, National University of Ireland.

Named best U.S. Trade Bank for the second consecutive year (Trade Finance Magazine, 2012), Wells Fargo's provides small businesses, corporations, financial institutions, multilateral organizations and individuals with a wide range of international solutions. The company operates from more than 35 global locations, including branch offices in Hong Kong, Dubai International Financial Center, London, Seoul, Shanghai, Singapore, Taipei, Tokyo, Toronto and the Cayman Islands.

About Wells Fargo & Company

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 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 has offices in more than 35 countries to support the bank's customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune's 2012 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially.

CONTACT:

Wells Fargo & Company
Media:
Kathryn Ellis, 1-415-222-3767
kathryn.d.ellis@wellsfargo.com