SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that John Rindlaub, a 10-year veteran of the company, has been named the new regional president for its Asia Pacific operations effective December 1, 2011. He succeeds Cliff Lawrence, who will be assuming the role as regional vice president for Wells Fargo’s Global Banking business in Dallas. Rindlaub will be based in Hong Kong and report to Richard Yorke, head of Wells Fargo’s International Group.
“Throughout his distinguished career in financial services, John has consistently demonstrated tremendous leadership,” said Yorke. “We are committed to growing our business in Asia and he has the expertise to successfully lead our operations and represent Wells Fargo as we continue to strengthen our capabilities and serve our customers doing business in this very important market.”
As regional president, Rindlaub will work with other Wells Fargo business leaders to serve commercial, corporate and financial institution customers in Asia, leveraging the company’s global network and expanded capabilities. He will also represent the interests of Wells Fargo to bank regulators, central banks, government officials, and financial institutions throughout the region. With 2,500 team members in the region, Wells Fargo provides trade finance, payments, foreign exchange, credit, asset management and a broad range of additional services for corporations and financial institutions operating in Asia. The company has 18 regional offices including Hong Kong, Seoul, Shanghai, Singapore, Taipei and Tokyo.
Most recently, Rindlaub served as executive vice president and regional manager for Wells Fargo’s Commercial Banking business in the Pacific Northwest, where he managed the company’s middle market lending activity in the region. Under Rindlaub, Wells Fargo achieved a leadership position in Commercial Banking in Washington, Oregon, and Idaho. Before joining Wells Fargo, he held several senior positions at Bank of America, including president of Bank of America Northwest and head of Bank of America’s Asia Division, where he was headquartered in Hong Kong and managed the bank’s retail and wholesale business in Asia.
Rindlaub graduated from Bucknell University, where he earned a bachelor’s degree in economics.
About Wells Fargo
Wells Fargo International Group serves small businesses, corporations, financial institutions, multilateral organizations and individuals with a wide range of international solutions from more than 30 global locations, including branches in Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo and the Cayman Islands.
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 wachovia.com), and other distribution channels across North America and internationally. With approximately 275,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 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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