SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo’s International Group has added two new senior executives to its Global Payment Services (GPS) team. Charles Kohler has been named deputy head for GPS and Timothy Merrell has been named director of Payments Consulting, Strategy and Customer Experience for GPS. Kohler will manage sales, liability and liquidity products as well as monitor and mitigate payment system risks. Merrell will develop strategy for new and core payment services as well as the overall customer experience. Both are based in New York and will report to George Doolittle, head of Wells Fargo’s GPS.
Part of the company’s Global Transaction Banking Group which provides foreign exchange, trade finance, cross-border treasury management services, cross-border e-commerce, and cross-border investments, GPS offers payment processing services to global financial institutions worldwide. With strengths in treasury, retail, trade, commercial payments and liquidity products, Wells Fargo is a leader in meeting customers’ direct settlement needs in USD, euro, yen and most other foreign currencies.
“As Wells Fargo continues its expansion in global payment and currency settlement capabilities and services, investing in industry-leading talent around the world is critical,” said Doolittle. “We are excited to welcome Charles and Timothy to the team and are confident that our business and customers will benefit from their deep knowledge and industry expertise.”
With over 25 years of financial experience, Kohler was previously with Deutsche Bank as managing director of sales and relationship management for financial institutions in the Americas. He was responsible for developing and implementing sales initiatives for foreign exchange, treasury clearing and commercial payments.
Merrell also joins Wells Fargo from Deutsche Bank, where he served as managing director and head of foreign exchange payments and clearing, including USD, euro and multi-currency clearing products. He is also the former business head and founder of FX4Cash, a strategic joint venture between Deutsche Bank’s Global Transaction Bank and Global Markets Divisions.
Wells Fargo’s International Group provides small businesses, corporations, financial institutions, multilateral organizations and individuals with a wide range of international solutions from 37 global locations, including branches in Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo and the Cayman Islands. Wells Fargo serves more than 3,000 banks in 130 countries, 48 central banks, and a variety of multi-lateral organizations and sovereign wealth funds by offering payments, trade, credit, deposit taking, and other products.
About Wells Fargo
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 272,000 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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