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Wells Fargo (WFC) Presents at 2018 RBC Capital Markets Financial Institutions Conference (Transcript)

Mar. 07, 2018 5:29 PM ETWells Fargo & Company (WFC)
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Wells Fargo & Co. (NYSE:WFC) 2018 RBC Capital Markets Financial Institutions Conference Call March 7, 2018 2:00 PM ET


Neal Blinde - Treasurer


Gerard Cassidy - RBC

Gerard Cassidy

With us is Neal Blinde. Neal has been the Treasurer at Wells now since November 2015 and he’s had over 14 years with the Company in a variety of roles. So, again, thank you so much for coming, Neal. We appreciate it.

Neal Blinde

I’m about 16 years with the Company now and on the management team. So, logically that makes me one of the new people. We’ve got a really good mix of new management that’s coming up from the outside and then we’ve also got a great mix of people that are very long-tenured with the Company.

Gerard Cassidy

And when you look at the long-tenured, just sticking with management for a moment. With the blend years ago of the Norwest and Wells Fargo, but now I would assume, it’s primarily -- it’s just the Wells Fargo, I mean not legacy Wells Fargo. But, it’s the combination of the two companies.

Neal Blinde

It’s really Wells Fargo and Wachovia. And we’re seeing a real diversification in the geographies as well. We’ve obviously got our headquarters in San Francisco. That’s the primary geography for the management team. But we’ve got a very significant presence on the East Coast as well. The head of our Wealth and Investment Management division is here in New York. We have a big presence through Wells Fargo Securities in this market. And then, in Charlotte, North Carolina, which was the headquarters of Wachovia, we also have obviously very large presence.

Question-and-Answer Session

Q - Gerard Cassidy

Sure. Maybe we could start, obviously, the big news recently is the consent order, of course. And Tim has been very explicit

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