Wells Fargo to boost Asia headcount to serve MNCs
As many as 140 people to be added to current team of 1,400 for wholesale banking in Asia
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WELLS Fargo & Co, the most valuable US bank, plans to boost headcount at its Asian banking operations by as much as 10 per cent, as the region's economic growth generates more business with multinational companies.
"The trend is clearly that we will continue to add," said John Rindlaub, the bank's regional president for Asia-Pacific, in an interview in Hong Kong last week. "We look at how we can deepen our relationships and what capabilities do we need." Wells Fargo plans to add as many as 140 people to its 1,400-person wholesale banking team in Asia over the next 12 months, bolstering divisions such as corporate banking and compliance, Mr Rindlaub said.
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