News Column

Matthew Daniel Joins Wells Fargo Foreign Exchange Risk Management Group

June 28, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- The Wells Fargo International Group, part of Wells Fargo & Company (NYSE: WFC), announced that Matthew Daniel will join the company to lead its Foreign Exchange Strategy, Policy, and Financial Reporting Practice. Daniel will work closely with the company's FX team to help customers manage and mitigate corporate FX risk, develop risk management policies, and implement effective financial reporting practices that comply with accounting guidelines. Based in New York, he will report to Dave Napalo, head of Wells Fargo'sFX Risk Management Group. Through its Foreign Exchange Risk Management Group, Wells Fargo provides companies with risk identification, hedging solutions, and financial reporting guidance.

"We continue to strengthen our business as we serve the complex foreign exchange needs of our middle market and large corporate customers. With more than 10 years of experience, Matthew's knowledge and expertise will be tremendous assets to the business and our customers," said Napalo.

Prior to joining Wells Fargo, Daniel was a director with Citibank where he managed derivatives for foreign exchange transactions, interest rates, and commodities. He advised customers on measuring and allocating risk and the economic and accounting benefits of risk management. He is a former senior manager at Deloitte & Touche, LLP and has held positions at ABN AMRO and Chase. Daniel has a B.A. from Stanford University and an M.B.A. from the University of Washington.

Wells Fargo'sInternational Group operates from 36 countries, including branches in the Cayman Islands, Dubai International Financial Center (DIFC), Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo and Toronto. About Wells Fargo & Company Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.5 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune's 2013 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially. Wells Fargo perspectives and stories are also available at blogs.wellsfargo.com and at wellsfargo.com/stories.

Keywords for this news article include: Banking and Finance, Wells Fargo & Company, Finance and Investment.

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Source: Investment Weekly News


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