Amrita Patel will lead Wells Fargo Equipment Finance

SAN FRANCISCO–(BUSINESS THREAD)–Wells Fargo & Company (NYSE: WFC) announced that Amrita Patel will lead Wells Fargo Equipment Finance (WFEF), which provides specialty financing for the purchase, acquisition or lease of assets related to equipment fleets, transportation and rental, as well as a comprehensive service. reseller and distributor programs. Patel will report to Mary Katherine DuBose, head of the bank’s secured lending and leasing businesses in Wells Fargo Commercial Banking.

Bill Mayer, who has led WFEF since 2015, has announced his retirement after 34 years in financial services.

“Amrita’s experience, previous leadership positions and strong history of delivering outstanding results that delivered value to both our business and our customers will serve her well as head of WFEF,” said DuBose. “I am excited to welcome to Amrita a great group of leaders who are implementing innovative and creative financial solutions in today’s ever-changing economy.”

Previously, Patel was head of process transformation at Wells Fargo Commercial Capital, where he drove change across its lines of business by improving documentation, processes and controls to help the organization transition to a more innovative and sustainable growth business model. Their efforts delivered greater efficiency and consistency, better customer experience and better risk management through continuous process improvement. Previously, Patel was national sales director for the Commercial Vehicles Group, a division within Equip Finance. Prior to joining Wells Fargo in 2018, Patel held numerous leadership positions for 18 years at GE Capital through various acquisitions, divestitures and business initiatives in the United States and internationally.

Patel, a Six Sigma Black Belt, holds a Bachelor of Science in Business Administration from the University of Florida – Warrington College of Business with a concentration in Information Systems and Operations Management.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company with approximately $1.9 trillion in assets, proudly serving one in three US households and more than 10% of small businesses in the US, and is a leading middle market banking provider. in the US We offer 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 Banking and investment and wealth and investment. Management. Wells Fargo was ranked No. 41 on Fortune’s 2022 ranking of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable and inclusive future for all by supporting housing affordability, small business growth, financial health and an economy with low carbon emissions.

Wells Fargo news, insights and perspectives are also available at Wells Fargo Stories.

Additional information can be found at | Twitter: @WellsFargo

News Category: WF-LO


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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!