Wells Fargo Capital Finance, a unit of Wells Fargo, has appointed Kael L. Peterson as a business development officer for the commercial services group. Peterson has been with Wells Fargo since 2006.
SANTA MONICA, March 10, 2015 – Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC), has announced that Kael L. Peterson has been named business development officer for the Commercial Services Group, which specializes in factoring and accounts receivables management. In her new role, Peterson is primarily responsible for sourcing and structuring flexible asset-based and factoring financings for opportunities originated in Iowa, Kansas, Minnesota, Nebraska, North Dakota, and South Dakota, and will be reporting to Jay Gardner, regional sales manager for Wells Fargo Capital Finance.
“Kael is a very talented and hard-working team member,” stated Gardner. “I am excited to have her join our team and I am confident she will make an immediate impact as she has done in her previous roles with our company.”
Peterson has been with Wells Fargo since 2006. Her previous Wells Fargo positions included principal business relationship manager and commercial relationship manager, managing a portfolio of fortune 500 clients. Previously she was a relationship manager with JP Morgan Chase Business Banking and an associate credit manager with Merrill Lynch Business Financial Services. Peterson holds a bachelor’s degree from University of Iowa in Business Administration in Finance.
About Wells Fargo Capital Finance
Wells Fargo Capital Finance is the trade name for certain asset-based lending services, senior secured lending services, accounts receivable and purchase order finance services, and channel finance services of Wells Fargo & Company and its subsidiaries, and provides traditional asset-based lending, specialized senior and junior secured financing, accounts receivable financing, purchase order financing and channel finance to companies across the United States and internationally. Dedicated teams within Wells Fargo Capital Finance provide financing solutions for companies in specific industries such as retail, software publishing and high-technology, commercial finance, staffing, government contracting and others. For more information, visit wellsfargocapitalfinance.com.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 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 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 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 Wells Fargo Blogs and Wells Fargo Stories.