Rising to the challenges and complexities of rapid growth and reform in the U.S. health care system, Wells Fargo (NYSE: WFC) said today it has named two financial services veterans to new leadership roles in Government and Institutional Banking (GIB).
“Melissa’s expertise in acquisitions and capital formation for large hospitals and health care systems is key to Wells Fargo’s continued growth,” said Peter Hill, head of the Wells Fargo Securities Public Finance team.Morgan joined Wells Fargo in 2010 and led the HFS Mid-Atlantic and Southeast divisions. He has 28 years of commercial banking experience, including posts at Fleet Boston, and Fifth Third Bank. He earned a bachelor’s degree in finance from the University of Connecticut and an MBA from Rochester Institute of Technology. In his new role, Morgan leads the HFS Eastern Division, and he co-heads the national HFS group with Jeffrey A. Ruehle, who will be based in San Francisco and oversee the HFS Western Division. “Bill’s tenure in healthcare commercial banking, partnering with our already-strong HFS leadership in Jeff Ruehle, puts Wells Fargo among the strongest collaborative banking teams in the healthcare sector,” said Smith. Unique in the industry, Wells Fargo Government and Institutional Banking (GIB) provides a wide range of solutions to meet the needs of government, education, healthcare, and not-for-profit organizations. Bringing together specialized commercial banking teams, public finance investment bankers, municipal derivatives marketers and municipal sales, trading and syndicate professionals into one team, GIB offers an integrated approach that leverages the resources of Wells Fargo to create value for its clients. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.5 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 locations, 12,000 ATMs, and the internet ( wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With more than 264,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at blogs.wellsfargo.com.