SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE:WFC) announced that Julie Caperton has been named head of Corporate Development, a position responsible for supporting business leaders across Wells Fargo by managing the company’s acquisition and divestiture process. Caperton, who joined the company in 2002, will report to Paul Ackerman, corporate treasurer, and will be based in Charlotte.
“Today’s appointment reflects one of Wells Fargo’s enduring strengths: the depth of its executive talent,” Ackerman said. “Throughout Julie’s career, she has demonstrated high-caliber leadership, so we’re pleased she can now bring that expertise and experience to a key position within Wells Fargo.”
Caperton joins Corporate Finance after serving as head of Wholesale Banking’s Asset-Backed Finance & Securitization (ABF) team in Wells Fargo Securities. In that role, she led the origination, distribution, and retained risk management for structured finance and securitization transactions. In the last four years, Caperton and the ABF team experienced double-digit growth in revenue and net income to become an important contributor to Wholesale Banking’s financial results.
Bruce Helsel, former head of Corporate Development, will retire at the end of March 2015 after a 29-year career with Wells Fargo. Since joining the company in 1984, Helsel has held leadership roles in Financial Risk Management, Community Banking, and Wholesale Banking. He became head of Corporate Development in 2006 and since then has led Wells Fargo through 60 mergers and acquisitions.
“Throughout his tenure, Bruce’s wise counsel and attention to detail allowed us to develop and grow in a manner consistent with our vision and values,” said CEO John Stumpf. “We are proud of Bruce’s legacy and his contributions over the decades to our shared achievements.”
Long-time team member Caperton has also held executive leadership roles in the Corporate Trust Services (CTS) business under Wells Fargo’s Specialized Lending, Service and Trust division. Prior to joining the former Wachovia in 2002, Caperton was a securities law and structured finance attorney with a large law firm. She earned her Juris Doctorate degree from Wake Forest University and her Bachelor of Arts degree in English and history from Syracuse University.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 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 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries 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. 29 on Fortune’s 2014 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 Wells Fargo Blogs and Wells Fargo Stories.