New position announced for company’s FX Risk Management Group

SAN FRANCISCO--(BUSINESS WIRE)-- The Wells Fargo International Group, part of Wells Fargo & Company (NYSE:WFC), announced today that A. Ramon Espinosa has been appointed head of Quantitative Research for its Foreign Exchange Risk Management Group. Based in San Francisco, Espinosa will provide quantitative solutions and analysis to Wells Fargo’s nationwide team of foreign exchange sales specialists.

A. Ramon Espinosa, Wells Fargo International Group (Photo: Business Wire)

Addressing the foreign exchange needs of middle market and large corporate customers, Wells Fargo provides companies with risk identification, hedging solutions, and financial reporting guidance through its Foreign Exchange Risk Management Group. In this newly established role, Espinosa will lead research and analytics to assess foreign currency risk.

“This new position will play an important role serving the complex foreign exchange needs of our customers,” said Bob Gotelli, executive vice president and head of Wells Fargo’s Foreign Exchange Global Sales Group. “Ramon’s expertise and knowledge will be a tremendous asset to our business, ensuring we continue to provide solutions that meet the demands of a competitive global marketplace.”

Prior to joining Wells Fargo, Espinosa was managing director with Bank of America Merrill Lynch where he advised clients on an array of foreign exchange risk management topics, including benefits of managing risk, techniques for measuring and allocating risk, and efficient execution of strategic transactions. Espinosa also served as an economist and currency strategist at Bank of America and a research economist at the Federal Reserve Bank of New York.

He has a B.A. in economics from Stanford University, a Master of Public Affairs from the Woodrow Wilson School of Public and International Affairs at Princeton University, and a Ph.D. in economics from Princeton University.

Wells Fargo’s International Group provides small businesses, corporations, financial institutions, multilateral organizations and individuals with a wide range of international solutions from more than 35 global locations, including branches in Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo and the Cayman Islands. With the largest U.S.-based foreign exchange sales team, Wells Fargo has 14 offices specializing in foreign exchange throughout the country.

About Wells Fargo & Company

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 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 stores, 12,000 ATMs, the Internet (wellsfargo.com), and other distribution channels across North America and internationally. With more than 270,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.

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Wells Fargo
Katie Ellis, 415-222-3767 (Media)
kathryn.d.ellis@wellsfargo.com

Source: The Wells Fargo International Group