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Wells Fargo Names DuCharme Head of Global Banking

March 18, 2016, 08:06 AM
Filed Under: Banking News
Related: Wells Fargo Bank

Wells Fargo announced that Thomas (Tom) DuCharme has been named the new head of its Global Banking division. In his role, DuCharme will manage the sales and product development for Wells Fargo’s Global Banking operations. He is based in New York and reports to Richard Yorke, head of Wells Fargo’s International Group.

“We continue to invest in the best resources and talent to serve our customers as they do business internationally,” said Yorke. “With Tom’s extensive experience, I’m confident our global banking operations will become even stronger as we continue to serve the evolving international needs of our customers.”

Prior to joining Wells Fargo, DuCharme was the banking co-head of JPMorgan’s Asia Pacific Corporate & Investment Bank in Singapore where he managed client coverage teams, investment banking and corporate banking, treasury services, global trade & loans, debt capital markets, equity capital markets, and mergers & acquisitions. He was also previously the former head of Deutsche Bank’s Asia Pacific Global Transaction Banking platform and managing director for Citigroup’s Global Transaction Services and Corporate Banking in New York and Hong Kong.

“As more companies look to international markets for growth, I’ve been impressed with how Wells Fargo has been gradually expanding its global banking capabilities and presence in the U.S. and internationally,” said DuCharme. “I’m excited about the opportunity to lead a business that plays a critical role in the company’s international strategy.”

Part of Wells Fargo’s International Group, Global Banking provides credit, international trade, treasury management and investment banking services to middle market and large U.S. companies doing business internationally and also serves investment grade multinational companies doing business in the U.S.

With more than 300 team members across 13 countries, Wells Fargo’s Global Banking division has dedicated teams to support its operations in the U.S., Canada, Asia and Europe. In his role, DuCharme will manage a team of senior leaders responsible for those geographies, including Lynn Durning; Western U.S. and Canada division manager; Colm McCarthy, Asia Pacific division manager; Andrew Moy, Eastern U.S. division manager; and Mike Schmittlein EMEA division manager.

DuCharme has a Bachelor of Arts in economics from the University of California, Santa Cruz, and a master’s in international management from the American Graduate School of International Management (Thunderbird). He succeeds Sanjiv Sanghvi who the bank previously announced was named head of its Western Region for Commercial Banking.

Wells Fargo’s International Group operates from 35 countries outside the U.S., including branches in Beijing, the Cayman Islands, Dubai International Financial Center (DIFC), Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo, and Toronto.

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