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Steve Godfrey Joins Wells Fargo’s Foreign Exchange E-Commerce Division


SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company announced today that Steve Godfrey has been named head of its Foreign Exchange E-Commerce division. Based in San Francisco, Godfrey will oversee strategy development and product execution for Wells Fargo's electronic foreign exchange services. He will report to Sara Wardell-Smith.

"With more than 18 years of experience developing foreign exchange online solutions for clients ranging from consumers to large institutions, Steve is well equipped to lead our e-commerce team," said Sara Wardell-Smith, executive vice president of Wells Fargo's Foreign Exchange and International Treasury Management. "We are confident that, under Steve's leadership, we will continue to provide our customers with improved online access to the foreign exchange products and services they need."

Godfrey brings to Wells Fargo a wide range of banking experience focused on the design and deployment of global electronic trading systems. Prior to this role, Godfrey was head of Foreign Exchange eSolutions at Bank of America where he was responsible for client-facing trading, hedging platforms and managed international payment products for retail and commercial customers through online cash management systems. Before joining Bank of America, he held positions at TSA Capital Management and Sanwa Trust Bank. Godfrey has an undergraduate degree in applied mathematics and economics and an MBA, both from UCLA.

Wells Fargo Foreign Exchange helps commercial companies, small businesses, correspondent banks, and individuals identify financial risks, establish hedging objectives, and evaluate appropriate strategies for risk reduction so that they can effectively compete in the global marketplace. For more information, visit www.wellsfargo.com/inatl

About Wells Fargo

Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 10,000 stores and 12,000 ATMs and the Internet (wellsfargo.com and wachovia.com) across North America and internationally.

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