Wells Fargo Names Sanjiv Sanghvi Head of Western Region For Commercial Banking Group

SAN FRANCISCO--(BUSINESS WIRE)--

Wells Fargo WFC Commercial Banking, which has the nation's largest market share of middle market customers, said today that Sanjiv Sanghvi has been named head of its Western Region, effective immediately. He is based in San Francisco.

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Sanghvi succeeds John C. Adams, who after nearly two decades with the group in Northern California, the Pacific Northwest, and western Canada, was promoted in September to lead Wells Fargo's Commercial Banking Group.

A 26-year Wells Fargo veteran, Sanghvi most recently served as the head of the Wells Fargo Global Banking Group, part of Wholesale Banking. He oversaw 14 global banking offices across the U.S., Asia, Europe, and Canada. Global Banking delivers a full range of international and commercial services to middle market and large corporate U.S. companies engaged in international commerce, and large multinational companies with a significant presence in the United States.

In his new role, Sanghvi will oversee approximately 600 team members and 44 Wells Fargo Regional Commercial Banking Offices in the western United States and Canada serving middle market companies with annual revenues of greater than $20 million in a broad spectrum of industries, including manufacturing, wholesale, retail, distribution, construction, agriculture, specialty food and beverage, and services.

"Sanjiv's appointment shows the depth and tenure of Wells Fargo's leadership team," said Adams, noting that Commercial Banking management averages 20 years of service. "We are pleased to bring Sanjiv's extensive banking experience to our commercial customers in the West."

Sanghvi began his career in 1986 with the Detroit branch of the Federal Reserve Bank of Chicago. He earned a bachelor's degree in economics from Wharton School of Business at the University of Pennsylvania, and an MBA from University of Michigan in Ann Arbor, Michigan.

About Wells Fargo Commercial Banking

Wells Fargo Commercial Banking provides local service and decision-making for businesses with annual revenues of greater than $20 million. Asset-based lending, traditional secured loans, and capital markets provide access to working capital for customers' day-to-day operations and growth. Expertise and services are available to specialty industries, including food and agribusiness, healthcare, government, higher education, and environmental services. Wells Fargo has the highest market share of middle-market company relationships in the U.S., according to the 2013 TNS Commercial Banking Momentum Monitor. Winner of the 2015 TNS Choice Awards, Wells Fargo is the No. 1 preferred bank by companies in the U.S. with annual sales of $50 million to $2 billion.

About Wells Fargo

Wells Fargo & Company WFC is a nationwide, diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 12,800 ATMs, 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. 30 on Fortune's 2015 rankings of America's largest corporations. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

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