Ed Blakey to Retire After 34 Years with Wells Fargo
May 17 2018 - 9:00AM
Business Wire
David Marks named to lead Wells Fargo Commercial Capital
Wells Fargo & Company (NYSE:WFC) announced today that
Executive Vice President Ed Blakey will retire as head of its
Commercial Capital business, part of the company’s Wholesale
Banking group.
“Throughout his 34 years at Wells Fargo, Ed has played an
important role in some of Wholesale’s most significant business
transitions,” said Perry Pelos, head of Wells Fargo Wholesale
Banking. “From the company’s merger with Wachovia to the
acquisition of select businesses from GE Capital, Ed demonstrated
exceptional leadership and commitment to our team members,
customers and stakeholders. We are very grateful for his leadership
and countless contributions to our business and company.”
As head of Commercial Capital, Blakey oversaw the company’s
Asset-Backed Finance & Securitization (ABF), Capital Finance,
Commercial Distribution Finance, Corporate Trust Services, and
Equipment Finance divisions.
Wells Fargo also announced that David Marks, who has been with
the company for 31 years and is currently head of Wells Fargo
Capital Finance, will succeed Blakey as head of Commercial Capital
starting June 30, 2018. In addition, ABF, which dual-reported into
Commercial Capital and the Wells Fargo Securities business, will
continue to be led by Chris Pink, and going forward, will solely
report into the Wells Fargo Securities business under Mary
Katherine DuBose, managing director and head of Debt Capital
Markets. Blakey will remain in his current role through the
transition.
Blakey began his career at Wells Fargo in Commercial Real Estate
including a five-year assignment in Chicago managing the Midwest
region. After significantly growing Wells Fargo’s Midwest
Commercial Real Estate business, Blakey established and grew the
company’s Commercial Mortgage businesses, including Commercial
Mortgage-Backed Securities, Multifamily Capital, Commercial
Mortgage Servicing, and Community Lending & Investment. Under
his leadership, each business grew to become industry-leading
platforms.
“I am extremely grateful for the career I’ve had at Wells Fargo
and the opportunity to work alongside some of the most talented in
the industry and meet the great customers we serve,” said Blakey.
“I’m heading into retirement with excitement and confidence as I
believe the company and our leaders will continue to help Wells
Fargo become a better bank for team members, customers and
stakeholders.”
DuBose joined Wells Fargo in 1998 and has more than 20 years of
investment banking experience. She started her Wells Fargo career
by forming the Business & Commercial Loan Securitization team.
From there led Corporate Debt Finance, Subscription Finance and
Corporate Net Lease groups. DuBose then went on to co-head
Asset-Backed Finance & Securitization. In her current role, she
leads teams responsible for high-grade debt, high-yield debt and
loans syndications originations and executions.
Marks, since joining the company in 1987, has held various
senior leadership roles in commercial and corporate banking, trade
finance and credit risk management. Prior to leading Capital
Finance to be the #1 Bookrunner of asset-based loans in the U.S. in
2017, he was the group risk officer for Wells Fargo’s Consumer
Lending and Payments, Virtual Solutions and Innovation businesses.
Marks also serves on the Wells Fargo Management Committee.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
investments, mortgage, and consumer and commercial finance through
8,200 locations, 13,000 ATMs, the internet (wellsfargo.com) and
mobile banking, and has offices in 42 countries and territories to
support customers who conduct business in the global economy. With
approximately 265,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was
ranked No. 25 on Fortune’s 2017 rankings of America’s largest
corporations. News, insights and perspectives from Wells Fargo are
also available at Wells Fargo Stories.
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version on businesswire.com: https://www.businesswire.com/news/home/20180517005378/en/
Trisha SchultzTrisha.Schultz@wellsfargo.com@TrishSchultzWF
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