Wells Fargo on Tuesday named a new corporate treasurer who is based in Charlotte, as part of a shift of management roles in the San Francisco-based bank.
In his new role, Neal Blinde will be responsible for managing Wells Fargo’s capital, liquidity and Federal Reserve-administered stress tests. The 14-year company veteran had been in charge of the investment banking group that serves other banks. He will stay in Charlotte, reporting to Chief Financial Officer John Shrewsberry.
Blinde replaces Paul Ackerman, who will move to Wells Fargo Securities and become a vice chairman and senior banker working with global financial institutions. Ackerman will report to Rob Engel, the Charlotte-based head of investment banking and capital markets for Wells Fargo Securities, but remain in San Francisco.
Ackerman has served as treasurer since 2005. The appointments are effective immediately, but the pair will work together during a transition period over the coming months, the bank said.
After acquiring Charlotte-based Wachovia in 2008, Wells Fargo has kept a large employee base here, but most of its top leaders are based in San Francisco. Blinde’s appointment puts another top executive in Charlotte, along with wealth and investment management head David Carroll and chief auditor David Julian.