Wells Fargo Capital Finance announced that Kael L. Peterson was named BDO for the commercial services group. She will primarily responsible for sourcing and structuring flexible asset-based and factoring financings for opportunities originated in Iowa, Kansas, Minnesota, Nebraska, North Dakota, and South Dakota, and be reporting to Jay Gardner, regional sales manager for Wells Fargo Capital Finance.

Peterson has been with Wells Fargo since 2006. Her previous Wells Fargo positions have included principal business relationship manager and commercial relationship manager, managing a portfolio of fortune 500 clients. Previously, she was a relationship manager with JPMorgan Chase Business Banking and an associate credit manager with Merrill Lynch Business Financial Services.

“Kael is a very talented and hard-working team member,” stated Gardner. “I am excited to have her join our team and I am confident she will make an immediate impact as she has done in her previous roles with our company.”