Wells Fargo's government clients now have a new banker overseeing their deposits. The San Francisco–based money center bank today announced that the Northeast markets executive, Elena Gallo, will be taking over from Mara Holley as the bank’s new head of government banking.
Holley, who has led government banking since 2015, is retiring after 30 years with the bank. Wells Fargo's stock is up 45% over the past year compared to a 46% increase of the Dow Jones U.S. Banks index. The bank is scheduled to publish its third-quarter earnings on Oct. 11.
