Wells Fargo Promotes Frank Pizzo as Head of EMEA

Wells Fargo has appointed longtime financial veteran, Frank Pizzo as the newest head of its Europe, Middle East and Africa (EMEA) region, according to a recent Reuters report.

Mr. Pizzo is a seventeen-year veteran at Wells Fargo, having garnered extensive experience at the lender of his tenure in a variety of senior level roles. These include, among others, the bank's Head of Syndications and High Yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a Read this Term Debt Capital Markets (DCM).

In his new role as the EMEA head at Wells Fargo, Mr. Pizzo will be reporting to Richard Yorke, the head of Wells Fargo's international group. He is slated to take over as the lender’s President for EMEA later this year during Q4 2015, where he will succeed Jim Johnston upon his return to the United States and internal restructuring.

The move comes amidst an extensive focus from Wells Fargo on its EMEA staff in the region, which has swelled over the past four year to over 1,000 personnel. In particular, the bank has bolstered its focus in the region across a number of channels, including American commercial and corporate customers possessing business operations in EMEA, as well as large European firms conducting business in the United States and financial firms.