Wells Fargo (No. 12 on the DiversityInc Top 50 Companies list) announced that Lisa McGeough has been named head of its new Financial Institutions Group (FIG), effective April 10. The newly-established FIG includes the Global Financial Institutions business, formerly part of Wells Fargo's International Group, and the Financial Institutions business, formerly part of Wells Fargo's Corporate Banking Group. Based in Charlotte, N.C., McGeough will report to Perry Pelos, senior executive vice president and head of Wholesale Banking.
With more than 800 team members globally, FIG will focus on serving the long-term financial needs of U.S. banks, international financial institutions, supranationals, sovereigns, and non-bank financial institutions including insurance companies, broker dealers, asset managers, exchanges, finance companies, payment processors, and title companies.
"This is an exciting time for the business as we leverage the talents and experience of our expanded team and continue to strengthen our global capabilities," said Pelos. "With her extensive leadership and capital markets expertise, Lisa will lead efforts to deepen relationships with our financial institution customers as we provide them with a more integrated global platform."
McGeough, who joined Wells Fargo in 2005, is currently head of the Industrials Group for Corporate Banking. She is also the former head of Wells Fargo Securities in the Europe, Middle East, and Africa (EMEA) region and CEO of Wells Fargo Securities International where she oversaw investment banking and capital markets activities, including advisory services and sales and trading for EMEA.
With more than 27 years of experience in institutional sales and marketing, McGeough has held roles at Morgan Stanley Inc., Toronto Dominion Securities, and Salomon Brothers (now Citigroup). She holds a B.A. in Economics from Bowdoin College.
As previously announced, Wells Fargo's International Group was integrated into other Wholesale Banking business lines in order to enhance the company's ability to serve corporate, middle market and financial institution customers doing business globally.