Mary Katherine DuBose Named Head of Wells Fargo’s Asset-Based Lending & Leasing Businesses

Rhea-AI Summary

Wells Fargo has appointed Mary Katherine DuBose as the head of its secured lending division, which includes asset-based lending, equipment finance, supply chain finance, and inventory finance. Reporting to Kyle Hranicky, CEO of Wells Fargo Commercial Banking, DuBose brings over 20 years of banking experience to the role. Previously, she served as the chief credit officer and held various leadership positions within the bank. This strategic move aims to enhance the bank's lending capabilities and client services globally.

Positive

• Appointment of Mary Katherine DuBose to head secured lending division, indicating a commitment to enhance lending operations.
• DuBose's extensive experience in banking may improve operational efficiency and client engagement.

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• None.

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) announced Mary Katherine DuBose as the head of the bank’s secured lending division that includes asset-based lending, equipment finance, supply chain finance, and inventory finance. DuBose reports to Kyle Hranicky, Chief Executive Officer of Wells Fargo Commercial Banking.

Mary Katherine DuBose, head of Wells Fargo's asset-based lending and leasing businesses (Photo: Wells Fargo)

In this role, DuBose leads key lending divisions for Commercial Banking, delivering streamlined, efficient working capital solutions to serve the needs of clients globally. Through the broad portfolio of secured lending solutions, DuBose will work directly with clients, lending on a wide variety of collateral.

“Mary Katherine’s resiliency, determination, and focused leadership that she has demonstrated with employees, clients, and lending partners has shown that she’s an incredible asset to this company,” said Hranicky. “Her background and deep lending expertise will help us execute critical work and grow our business. We are excited to have Mary Katherine as part of the Commercial Banking team.”

Previously, DuBose was Wells Fargo’s chief credit officer, responsible for the independent oversight of credit risk management practices and lending decisions across the company for line-of-business credit policies. DuBose has more than 20 years of banking experience, having held various leadership positions within Wells Fargo that include the following: head of Capital Markets, where she led teams responsible for Asset-Backed Finance, Debt Capital Markets, and Equity Capital Markets; co-head of Asset-Backed Finance; and head of Debt Capital Markets. In addition, she has held leadership positions for the Corporate Debt Finance, Subscription Finance, and Corporate Net Lease groups.

DuBose holds a Bachelor of Science in business administration from the University of Arkansas with a concentration in finance. She serves on the Executive Committee and Board of Trustees for Charlotte Latin School, and is a board member for KinderMourn.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon footprint economy.

News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo

News Release Category: WF-LO

View source version on businesswire.com: https://www.businesswire.com/news/home/20220721005319/en/

Media

Trisha Schultz, 424-268-6202

trisha.schultz@wellsfargo.com

Source: Wells Fargo & Company

FAQ

Who is Mary Katherine DuBose at Wells Fargo?

Mary Katherine DuBose is appointed as the head of the secured lending division at Wells Fargo, overseeing various lending products.

What role does Mary Katherine DuBose play in Wells Fargo?

DuBose leads the secured lending division, focusing on delivering efficient working capital solutions to clients.

When was the announcement made about Mary Katherine DuBose's appointment?

The announcement regarding Mary Katherine DuBose's appointment was made on July 21, 2022.