Daily News: June 12, 2014

Wells Fargo Announces Head of Foreign Exchange Practice

The Wells Fargo International Group announced that Matthew Daniel will join the company to lead its Foreign Exchange Strategy, Policy, and Financial Reporting Practice.

Daniel will work closely with the company’s FX team to help customers manage and mitigate corporate FX risk, develop risk management policies, and implement effective financial reporting practices that comply with accounting guidelines. Based in New York, he will report to Dave Napalo, head of Wells Fargo’s FX Risk Management Group.

Through its Foreign Exchange Risk Management Group, Wells Fargo provides companies with risk identification, hedging solutions, and financial reporting guidance.

“We continue to strengthen our business as we serve the complex foreign exchange needs of our middle market and large corporate customers. With more than 10 years of experience, Matthew’s knowledge and expertise will be tremendous assets to the business and our customers,” said Napalo.

Prior to joining Wells Fargo, Daniel was a director with Citibank where he managed derivatives for foreign exchange transactions, interest rates, and commodities.