Bei Ling will join Wells Fargo on Oct. 1 as head of human resources. She will report to Charlie Scharf, CEO of Wells Fargo, and serve on the company’s operating committee. Ling previously worked for JPMorgan Chase, PNC and Merrill Lynch.
Apollo Medical Holdings refinanced its existing term loan and revolving credit facility with a new five-year revolving credit facility of $400 million. Truist Bank served as administrative agent.
Wells Fargo named Julie Caperton head of its private bank, which is a division of its wealth and investment management (WIM) business. This role will be in addition to Caperton’s current position as head of the banking, lending and trust center of excellence for WIM.
Wells Fargo named Ruth Jacks head of data and transformation for commercial banking. Jacks joined the company on June 14 and will report to Perry Pelos, head of commercial banking at Wells Fargo.
Hilco Global’s commercial industrial team acquired all of the assets of Sutton Leasing, a fleet leasing company based in Sterling Heights, MI, in a multi-million-dollar transaction that closed on May 7. Hilco Commercial Industrial aligned with Wells Fargo to close the transaction.
Wells Fargo named Ulrike Guigui head of payments strategy. Guigui will join the company on June 1 and report to Ather Williams III, head of strategy, digital and innovation at Wells Fargo.
Mary Mack, CEO of consumer and small business banking (CSBB) for Wells Fargo, provided details on the structure of her organization, including the leaders of the team.
Farmer Bros. finalized a new $127.5 million, four-year financing arrangement, which includes an $80 million asset-backed revolving credit facility and a $47.5 million term loan due April 2025. The financing was led by Wells Fargo Bank.
American Homes 4 Rent closed a $1.25 billion sustainability-linked revolving credit facility, amending its existing $800 million revolving credit facility. A total of 15 lenders participated in the facility, including Wells Fargo Bank as administrative agent.
David Galloreese, head of human resources at Wells Fargo, will leave the company on April 23. Kleber Santos, head of diverse segments, representation and inclusion and a member of the operating committee for Wells Fargo, will take on the role on an interim basis.