Former U.C. Berkeley CFO to help customers navigate swiftly changing economic marketplace
SAN FRANCISCO — October 29, 2013 – Wells Fargo (NYSE: WFC) has named Erin Gore, who was associate vice chancellor and chief financial officer at University of California, Berkeley, as co-head of its Education and Nonprofit Banking group. Based in San Francisco, Gore will help U.S. colleges, universities, and private schools with financial strategies for managing future growth and making enhancements to existing infrastructure and facilities. The education and nonprofit business also serves nonprofit organizations, including cultural institutions.
“Bringing Erin on board is a huge win,” said Phil Smith, head of Wells Fargo Government & Institutional Banking. “She has risen to the challenges of the vital education sector – from both banking and customer perspectives – throughout her career. Erin’s unique experience will help Wells Fargo provide even better solutions to our education and nonprofit customers nationwide.”
Gore joins JoAnn Bertges, executive vice president, as co-head of Wells Fargo’s growing higher education and nonprofit services team, which serves public and private colleges and universities of all sizes, as well as not-for-profit organizations throughout the United States.
Among “40 Under 40” Bay Area leaders chosen by the San Francisco Business Times last year, Gore had been U.C. Berkeley’s CFO since 2009. She began her career with the New York City Council Finance Division in 1996 as a budget analyst and then spent four years with Moody’s Investor Services as a public finance analyst. Gore joined the former Banc of America Securities in 2001, rising to co-head and managing director of its public finance education and nonprofit team.
“CFOs of colleges and universities face an array of financial challenges, from privatization of tuition to the growing globalization of higher education,” said Gore. “The strength and stability of Wells Fargo’s higher education banking team can help navigate these fundamental changes.”
Gore holds a bachelor’s degree from University of California, Los Angeles, and a master’s degree from Columbia University’s School of International and Public Affairs.
Wells Fargo Government & Institutional Banking (GIB) is a specialized business supporting more than 4,000 government, education, nonprofit, and healthcare clients across the United States. Unique in the industry, GIB has organized specialized commercial banking and capital markets teams under one business, offering an integrated approach to provide the most value for its clients. GIB’s Education and Nonprofit group works with education providers in public and private schools, colleges, and universities and with charitable institutions, social service organizations, cultural institutions, professional associations, labor unions, and other nonprofit organizations. From new construction to charitable giving programs, GIB bankers can tailor a full range of banking services and programs to fit any client need.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.5 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, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at blogs.wellsfargo.com.
SOURCE: Wells Fargo