Wells Fargo Capital Finance announced Monday new leadership roles for executives Scott Diehl, Steve Macko and Kurt Marsden. Diehl will lead a newly formed group that includes the Supply Chain Finance Division, Receivables Securitization Group plus the general and specialized factoring produces offered by the Commercial Services group. Macko will head the Industries Group which includes Technology Finance, Specialty Finance, Lender Finance and Flatiron Capital. And, Marsden will lead the Corporate Finance Group which includes Business Finance, Capital Finance UK, Junior Capital, Syndicated Finance and Retail Finance. Wells Fargo Capital Finance is the asset-based lending division of Wells Fargo & Co.
SANTA MONICA, June 15, 2015 – Wells Fargo Capital Finance, the asset-based lending division of Wells Fargo & Company (NYSE: WFC), today announced new leadership roles for executives Scott Diehl, Steve Macko and Kurt Marsden. Each will lead one of the three core business groups of Wells Fargo Capital Finance, all reporting to Guy Fuchs, who was named president and chief operating officer of Capital Finance in April.
Diehl will lead a newly-formed group that includes the Supply Chain Finance Division, Receivables Securitization Group, and the general and specialized factoring products offered by the Commercial Services Group. Macko will lead the Industries Group, which includes Technology Finance, Specialty Finance, Lender Finance and Flatiron Capital. Marsden will lead the Corporate Finance Group, which includes Business Finance, Capital Finance UK, Junior Capital, Syndicated Finance and Retail Finance.
“Each of these individuals is an example of the deep bench strength that exists in our organization,” said Fuchs. “We’re fortunate to be able to put their extensive knowledge, significant industry experience, and lengthy tenure at Wells Fargo to work for our customers. I am confident that they will continue our business’ track record of long-term growth and success.”
Diehl, a 31-year veteran of Wells Fargo Capital Finance, moves to his new role from the Industries Group – a group of specialized business units that Diehl helped form and grow, including the Supply Chain Finance Division, which he will continue to oversee as part of his new responsibilities. Prior to this role, Diehl held various leadership positions in Wells Fargo. Diehl holds an undergraduate degree in history from Brown University. Additionally, he serves on the board of the California Counsel for Economic Education
Macko, a 17-year veteran of Wells Fargo Capital Finance, has led the Western Region loan originations efforts for Capital Finance, with oversight of teams in Santa Monica, San Francisco, Chicago, and Dallas. Prior to joining Wells Fargo, Macko spent several years at Ernst & Young, PWC, and Strome Investment Management. He holds a bachelor’s degree in business economics from the University of California, Santa Barbara, and is a member of the Board of Governors of the Santa Monica Boys and Girls Club.
Marsden, a 23-year veteran of Wells Fargo Capital Finance, has been leading the Business Finance division since 2011. Prior to this role, he led the Technology Finance group, a business which he helped launch in 2007. He holds a bachelor’s degree in business administration with an emphasis in finance and real estate from California State University, Northridge, and serves on the board of Shane’s Inspiration.
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 mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 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.