Wells Fargo has promoted its head of middle-market banking, Kyle Hranicky, to CEO of commercial banking, effective immediately.
Hranicky succeeds Perry Pelos, who is transitioning to an advisory role until he retires from the company in April 2022.
Hranicky joined Wells Fargo in 1995 as a commercial banking analyst. Since then, he’s worked as a manager in the loan syndications group, head of the energy group and head of corporate banking. In his new role, Hranicky will report directly to CEO Charlie Scharf and will also serve on the bank’s operating committee.
“Kyle’s broad experience in commercial banking and his longstanding relationships with Wells Fargo clients and colleagues will serve him well as head of the business,” Scharf said in a press release. “He’s built a strong track record during his time at Wells Fargo, and I know he’ll bring both consistency and fresh perspective to the role.”
Read Also
- Argentina: At 76.6% since January, the inflation rate is accelerating further Nov 16, 2022
- when the prostate enlarges Jun 6, 2022
- Indonesia’s largest fleet of taxis teams up to beat ride-hailing apps Apr 13, 2021
- Ministry of Economy consults the “Pact for Water” in Greater Santo Domingo May 11, 2022
- How to improve financial habits Jul 24, 2021
- Ibex: the stocks that fell the most were Sabadell (-6.54%) and Fluidra (-2.54%) May 29, 2021
- Inflation: Heating less, postponing the holidays… Faced with soaring prices, mayors forced “to make choices” Nov 23, 2022
Previously the head of wholesale banking, Pelos became CEO of Wells Fargo’s commercial banking last year when the company split its wholesale banking business into two distinct units: corporate and investment banking and commercial banking. In that prior role, he oversaw commercial capital, treasury management, business banking, government and institutional banking, and middle-market banking.
Pelos joined Wells Fargo’s commercial banking training program in 1987 and held a number of leadership roles since that time. In a press release, Pelos said the commercial banking team’s “meaningful work” over the past five years included improving anti-money-laundering controls that helped free the bank from a consent order from the Office of the Comptroller of the Currency late last year.
appId : ‘1203048096448894’,