Wells Fargo selected 33-year banking veteran Alfred (Al) Kenrick to lead Middle Market Banking in Silicon Valley, including three offices in Palo Alto, San Jose and Monterey, California. Reporting to Kenrick will be Marci Davis, head of the Monterey team, and Troy French, head of the San Jose-based Santa Clara Valley team.
Kenrick will manage the Palo Alto regional office formerly led by Sunil Pandya, who joined the bank’s commercial loan supervisory group, and lead a local team of 30 commercial banking experts in Silicon Valley who provide credit, treasury management and deposit products to middle market companies outside the technology sector with annual revenues of $20 million and higher.
“Al has a long history of building trust and helping Silicon Valley middle market companies succeed,” said Steven Sloan, Northern California Division manager. “He has demonstrated leadership qualities and commitments to this market and team. Al will lead with integrity, diligence and continued commitment to serving our clients and this community.”
Kenrick most recently led the Silicon Valley region for Wells Fargo Global Banking. He began his career in 1984 as a commercial banking officer for First Interstate Bank of California, progressing through commercial and corporate banking roles in San Francisco and Silicon Valley.
In 2000, Kenrick joined Silicon Valley Bank, where he was responsible for providing private equity placement and sell-side advisory services to early-stage tech companies and eventually managing a commercial banking team for the semiconductor and communications equipment industries. He returned to Wells Fargo in 2004 to develop relationships with venture capital-backed technology and life sciences companies.
