Timothy Merrell (Photo: Business Wire)
Business Wire
04/04/12 - 08:30 AM EDT
Wells Fargo’s International Group has added two new senior executives to
its Global Payment Services (GPS) team. Charles Kohler has been named
deputy head for GPS and Timothy Merrell has been named director of
Payments Consulting, Strategy and Customer Experience for GPS. Kohler
will manage sales, liability and liquidity products as well as monitor
and mitigate payment system risks. Merrell will develop strategy for new
and core payment services as well as the overall customer experience.
Both are based in New York and will report to George Doolittle, head of
Wells Fargo’s GPS.
Charles Kohler (Photo: Business Wire)
Part of the company’s Global Transaction Banking Group which provides
foreign exchange, trade finance, cross-border treasury management
services, cross-border e-commerce, and cross-border investments, GPS
offers payment processing services to global financial institutions
worldwide. With strengths in treasury, retail, trade, commercial
payments and liquidity products, Wells Fargo is a leader in meeting
customers’ direct settlement needs in USD, euro, yen and most other
foreign currencies.
“As Wells Fargo continues its expansion in global payment and currency
settlement capabilities and services, investing in industry-leading
talent around the world is critical,” said Doolittle. “We are excited to
welcome Charles and Timothy to the team and are confident that our
business and customers will benefit from their deep knowledge and
industry expertise.”
With over 25 years of financial experience, Kohler was previously with
Deutsche Bank as managing director of sales and relationship management
for financial institutions in the Americas. He was responsible for
developing and implementing sales initiatives for foreign exchange,
treasury clearing and commercial payments.
Merrell also joins Wells Fargo from Deutsche Bank, where he served as
managing director and head of foreign exchange payments and clearing,
including USD, euro and multi-currency clearing products. He is also the
former business head and founder of FX4Cash, a strategic joint venture
between Deutsche Bank’s Global Transaction Bank and Global Markets
Divisions.
Wells Fargo’s International Group provides small businesses,
corporations, financial institutions, multilateral organizations and
individuals with a wide range of international solutions from 37 global
locations, including branches in Hong Kong, London, Seoul, Shanghai,
Singapore, Taipei, Tokyo and the Cayman Islands. Wells Fargo serves more
than 3,000 banks in 130 countries, 48 central banks, and a variety of
multi-lateral organizations and sovereign wealth funds by offering
payments, trade, credit, deposit taking, and other products.
About Wells Fargo
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
(wellsfargo.com), and other distribution channels across North America
and internationally. With more than 272,000 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.
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