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Wells Fargo has expanded the leadership of Perry Pelos, head of commercial banking, to include corporate banking and treasury management.
July 22 -
Wells Fargo has named Hope Hardison chief administrative officer, succeeding a 38-year company veteran.
June 18 -
Big banks with innovation labs see them as a way to improve the customer experience and to test new ideas in an industry facing disruption. Skeptics see potential for waste.
July 15
Wells Fargo tapped the head of its wholesale services unit to lead a new research and development division.
The San Francisco company named Steve Ellis as head of
The Innovation Group currently has 60 members, all from groups that Ellis directed while head of wholesale banking: payment strategies, research and development, and social strategy and collaboration. The Innovation Group will eventually add more staff from other departments, said bank spokesman Gabriel Boehmer. The Innovation Group will ultimately have about 100 employees.
"The end goal is for the Innovation Group to serve as a catalyst for the company to quickly transform its business models, processes and programs, and user experience all while successfully managing within an enhanced risk and regulatory environment," Ellis said in a news release.
The Innovation Group will focus on five areas: research and development, innovation strategies, payment strategies, design and delivery and analytics.
