Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Wells Fargo    WFC

WELLS FARGO (WFC)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Wells Fargo & Co : Danny Ludeman to Retire as Head of Wells Fargo Advisors

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/27/2013 | 06:31pm CET

Mary Mack Named as Successor

Danny Ludeman will retire from Wells Fargo Advisors (WFA) after 34 years of helping build one of the country's most successful brokerage firms, with 15,000 advisors and management of more than $1 trillion in client assets. Mary Mack, who currently serves as head of the WFA Financial Services Group, will succeed Ludeman effective Jan. 1, 2014.

"Under Danny's leadership, we have created a premier brokerage and advisory firm whose success is based on offering clients advice and planning through multiple channels - in brokerage offices, retail bank stores, or online," said David M. Carroll, head of Wells Fargo's Wealth, Brokerage and Retirement business. "His many contributions to Wells Fargo, his commitment to our communities across the country, and his strong dedication to the client will be missed."

Ludeman has served as executive vice president and head of Wells Fargo Advisors since the Wachovia merger in 2008. He led Wachovia Securities for nearly ten years prior, and held key leadership roles at Wheat First Securities before First Union/Wachovia acquired that firm. He has overseen numerous successful mergers, creating a nationwide financial advisor sales force and driving a focus on client advice and planning.

Ludeman is a dedicated advocate for community and civic causes. He chairs the St. Louis Regional Chamber; co-chairs the capital campaign for CityArchRiver 2015; serves on the boards of Washington University, John Burroughs School, the St. Louis Zoo, the United Way of Greater St. Louis, Missouri Botanical Garden, Fair St. Louis, and The Muny; and is a member of Civic Progress.

In her new role, Mack - a 28-year veteran of the company - will work throughout Wells Fargo to help clients achieve their financial goals across numerous spectrums of wealth.

"I am confident Mary has the right mix of experience, vision, and energy to lead our advisors in continuing to help our clients succeed financially," said Carroll.

As head of the Financial Services Group at Wells Fargo Advisors, Mack oversees strategic direction and management of Investment Advisory Products, Strategic Solutions, Advice, Lending and Banking Services, National Sales, Financial Advisor Productivity and Development, and Financial Advisor Recruiting and Integration. Mack joined predecessor firm First Union in 1984 and has held a variety of leadership positions for groups including Wealth Brokerage Services, Investment Services Group, and Wachovia Client Partnership. She was managing director of Healthcare Corporate Banking and a General Bank regional president. She serves on the Private Client Services Committee for the Securities Industry and Financial Markets Association.

Mack shares Ludeman's passion for communities and civic involvement. She is on the board of trustees at Davidson College, where she graduated with a bachelor's degree in International Political Economy. She has served on the boards or executive committees of Johnson C. Smith University, the United Way of Central Carolinas, Junior Achievement, Childcare Resources and the Arts & Science Council. She is a founding member of the Foundation for Fort Mill Schools.

About Wells Fargo Wealth, Brokerage and Retirement

Wells Fargo Wealth, Brokerage and Retirement (WBR) is one of the largest wealth managers in the U.S. WBR includes Wells Fargo Advisors, the third-largest brokerage in the U.S.; Wells Fargo Private Bank, serving high-net-worth individuals and families; Abbot Downing, serving ultra-high-net-worth families; and Wells Fargo Retirement, which manages $279 billion in institutional retirement plan and pension assets for 3.7 million Americans. Wells Fargo Advisors is the trade name used by two separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company: Wells Fargo Advisors, LLC, and Wells Fargo Advisors Financial Network, LLC (members SIPC).

About Wells Fargo & Company (Twitter @WellsFargo)

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, and 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 270,000 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 blog.wellsfargo.com.

Wells Fargo & Company
Raschelle Burton, 314-875-1690
[email protected]


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WELLS FARGO
02/21WELLS FARGO : Corporate Philanthropy Totals $286.5 Million for 2017
BU
02/21WELLS FARGO : to Participate at the 2018 RBC Capital Markets Financial Instituti..
BU
02/17WELLS FARGO : Pomerantz Law Firm Announces the Filing of a Class Action against ..
AC
02/16WELLS FARGO & COMPANY/MN : Financial Statements and Exhibits (form 8-K)
AQ
02/16WELLS FARGO & COMPANY : Declares Cash Dividends on Preferred Stock
BU
02/16WELLS FARGO : adds predictive banking feature to mobile app
AQ
02/15Teva Spikes on Berkshire Stake
AQ
02/15WELLS FARGO : Asset Management Expands Multi-Asset Solutions Team With Senior Hi..
BU
02/15Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against We..
BU
02/14POPULAR : to Buy Wells Fargo's Auto-Finance Business in Puerto Rico for $1.7 Bil..
DJ
More news
News from SeekingAlpha
02/21Tracking Tweedy Browne Portfolio - Q4 2017 Update 
02/205 Stocks For A Late-Stage Bull Market 
02/16Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q4 2017 Update 
02/15Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q4 2017 Update 
02/15WALL STREET BREAKFAST : Stocks Unfazed By U.S. Inflation 
Financials ($)
Sales 2018 88 744 M
EBIT 2018 34 061 M
Net income 2018 23 258 M
Debt 2018 -
Yield 2018 2,75%
P/E ratio 2018 12,49
P/E ratio 2019 11,11
Capi. / Sales 2018 3,33x
Capi. / Sales 2019 3,22x
Capitalization 295 B
Chart WELLS FARGO
Duration : Period :
Wells Fargo Technical Analysis Chart | WFC | US9497461015 | 4-Traders
Technical analysis trends WELLS FARGO
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 32
Average target price 63,7 $
Spread / Average Target 6,2%
EPS Revisions
Managers
NameTitle
Timothy J. Sloan President, Chief Executive Officer & Director
Elizabeth A. Duke Chairman
John R. Shrewsberry Chief Financial Officer & Senior Executive VP
Scott Dillon Chief Technology Officer
Enrique Hernandez Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
WELLS FARGO-1.07%295 209
JP MORGAN CHASE & COMPANY7.57%397 908
INDUSTRIAL AND COMMERCIAL BANK OF CHINA10.97%369 276
BANK OF AMERICA8.40%328 885
CHINA CONSTRUCTION BANK CORPORATION10.42%284 562
BANK OF CHINA LTD7.81%230 273