Amrita Patel to lead Wells Fargo Equipment Finance
02 August 2022 - 01:00PM
Business Wire
Bill Mayer to retire after 34 years in the financial
industry
Wells Fargo & Company (NYSE: WFC) announced Amrita Patel
will lead Wells Fargo Equipment Finance (WFEF), which offers
specialized financing for purchase, acquisition or leasing of
assets pertaining to equipment, transportation and rental fleets,
as well as comprehensive vendor and dealer programs. Patel will
report to Mary Katherine DuBose, head of the bank’s secured lending
and leasing businesses within Wells Fargo Commercial Banking.
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Amrita Patel, Head of Wells Fargo
Equipment Finance (Photo: Wells Fargo)
Bill Mayer, who led WFEF since 2015, has announced his
retirement after 34 years in financial services.
“Amrita’s experience, previous leadership roles and strong
history of achieving outstanding results that brought value to both
our business and our clients will serve her well as the head of
WFEF,” said DuBose. “I am excited to welcome Amrita to a great
group of leaders who are implementing innovative and creative
financial solutions in today’s ever-changing economy.”
Previously, Patel was head of Process Transformation for Wells
Fargo Commercial Capital where she drove change across its business
lines through improved documentation, processes and controls to
help transition the organization to a more innovative,
sustainable-growth business model. Her efforts delivered greater
efficiency and consistency, a better client experience, and
enhanced risk management through continuous process improvement.
Prior, Patel was national sales manager for the Commercial Vehicle
Group, a division within Equipment Finance. Before joining Wells
Fargo in 2018, Patel held numerous leadership positions over 18
years at GE Capital through various acquisitions, divestitures, and
enterprise initiatives across the U.S. and internationally.
Patel, a Six Sigma black belt, holds a Bachelor of Science in
business administration from the University of Florida – Warrington
College of Business with a concentration in information systems and
operations management.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets,
proudly serves one in three U.S. households and more than 10% of
small businesses in the U.S., and is a leading middle market
banking provider in the U.S. We provide a diversified set of
banking, investment and mortgage products and services, as well as
consumer and commercial finance, through our four reportable
operating segments: Consumer Banking and Lending, Commercial
Banking, Corporate and Investment Banking, and Wealth &
Investment Management. Wells Fargo ranked No. 41 on Fortune’s 2022
rankings of America’s largest corporations. In the communities we
serve, the company focuses its social impact on building a
sustainable, inclusive future for all by supporting housing
affordability, small business growth, financial health, and a
low-carbon footprint economy.
News, insights, and perspectives from Wells Fargo are also
available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com |
Twitter: @WellsFargo
News Release Category: WF-LO
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version on businesswire.com: https://www.businesswire.com/news/home/20220802005336/en/
Media Trisha Schultz, 424-268-6202
trisha.schultz@wellsfargo.com
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