Sol Gindi Named Head of Wells Fargo Advisors, Jim Hays to Retire
May 13 2022 - 2:15PM
Business Wire
Wells Fargo & Company today announced that Sol Gindi is the
new head of Wells Fargo Advisors (WFA) and head of the Wealth &
Investment Management (WIM) Client Relationship Group, reporting to
Barry Sommers, head of WIM. In this role, Gindi will lead the Wells
Fargo brokerage and wealth management channels, the independent
business, and First Clearing. Every advisor leading a client
relationship reports up to him.
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Sol Gindi of Wells Fargo (Photo: Wells
Fargo)
Jim Hays, who has been in this role since July 2019, has
announced his retirement after 35 years in financial services. He
will remain at Wells Fargo over the coming months to ensure a
smooth leadership transition.
Gindi joined Wells Fargo in October 2020 as chief financial
officer (CFO) for WIM reporting to Mike Santomassimo, Wells Fargo
CFO.
“Sol has been a strong CFO for WIM and has been deeply immersed
in every aspect of our business,” said Sommers. “I have every
confidence he will be a dynamic leader as we grow the Wells Fargo
wealth management business. Jim has been a strong leader and
partner and I wish him all the best in his upcoming
retirement.”
Gindi came from JP Morgan where he held numerous senior
leadership roles including CFO and chief operating officer for both
the Wealth Management and Consumer Banking businesses. In those
roles he was responsible for client service, client and advisor
experience, client and advisor platforms, branch real estate,
branch operations, and the innovation lab.
He is a graduate of the New York University Leonard N. Stern
School of Business with an M.B.A. in finance and a B.S. in
economics. He serves on the United Negro College Fund New York
Leadership Council and previously served on the Board of the
Consumer Bankers Association.
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- Not a Deposit or Other Obligation of, or Guaranteed by, the
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Principal Amount Invested
About Wells Fargo Wealth & Investment Management
Wells Fargo Wealth & Investment Management (WIM) is a
division within Wells Fargo & Company. WIM provides financial
products and services through various bank and brokerage affiliates
of Wells Fargo & Company and is one of the largest wealth
managers in the U.S., with nearly $2 trillion in client assets. WIM
serves clients through Wells Fargo Private Bank, which serves high
net worth individuals and families, and Wells Fargo Advisors, which
provides advice and guidance to help clients maximize all aspects
of their financial lives. Through The Private Bank, WIM is also a
leading provider of trust, investment, and fiduciary services,
including personal trust services and a number of specialized
wealth services designed to meet the diverse needs of high net
worth clients.
Investment products and services are offered through Wells Fargo
Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo
Clearing Services, LLC, and Wells Fargo Advisors Financial Network,
LLC, Members SIPC, separate registered broker-dealers and non-bank
affiliates of Wells Fargo & Company.
Wells Fargo Private Bank offers products and services through
Wells Fargo Bank, N.A., Member FDIC, and its various affiliates and
subsidiaries. Wells Fargo Bank, N.A. is a bank affiliate of Wells
Fargo & Company.
Wells Fargo Bank, N.A., offers various advisory and fiduciary
products and services including discretionary portfolio management.
Wells Fargo affiliates, including financial advisors of Wells Fargo
Advisors, a separate non-bank affiliate, may be paid an ongoing or
one-time referral fee in relation to clients referred to the bank.
The bank is responsible for the day-to-day management of the
account and for providing investment advice, investment management
services, and wealth management services to clients. The role of
the financial advisor with respect to bank products and services is
limited to referral and relationship management services.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets,
proudly serves one in three U.S. households and more than 10% of
small businesses in the U.S., and is a leading middle market
banking provider in the U.S. We provide a diversified set of
banking, investment and mortgage products and services, as well as
consumer and commercial finance, through our four reportable
operating segments: Consumer Banking and Lending, Commercial
Banking, Corporate and Investment Banking, and Wealth &
Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021
rankings of America’s largest corporations. In the communities we
serve, the company focuses its social impact on building a
sustainable, inclusive future for all by supporting housing
affordability, small business growth, financial health, and a
low-carbon economy. News, insights, and perspectives from Wells
Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com |
Twitter: @WellsFargo.
News Release Category: WF-LO
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version on businesswire.com: https://www.businesswire.com/news/home/20220513005446/en/
Shea Leordeanu, 314-332-9519
Shea.Leordeanu@wellsfargoadvisors.com
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