Dudley M. Nigg, who has led Wells Fargo & Co.'s aggressive foray into high-tech initiatives like Internet banking and smart cards since 1994, will retire at yearend, the bank announced yesterday.

Under Mr. Nigg's watch, Wells Fargo became the first to offer on-line banking through the Internet in May 1995. As executive vice president in charge of the bank's on-line financial services division, Mr. Nigg also launched Internet trading, and various pilots of smart card and electronic bill presentment technology.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.