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Wells Fargo Names New EVP For Equipment Finance Bank Division

To lead equipment finance sales, credit and service team and activities of the newly-combined Wells Fargo Equipment Finance and the former Wachovia Equipment Finance

Wells Fargo has appointed Brent Malcom as executive vice president for its Equipment Finance Division. Reportedly, Equipment Finance’s Bank Division provides competitive equipment financing solutions to business and commercial clients and works with the bank’s varied relationship management teams.

Based in Minneapolis, Mr. Malcom will lead equipment finance sales, credit and service team and activities for the bank division of the newly-combined Wells Fargo Equipment Finance and the former Wachovia Equipment Finance.

Reporting to Mr. Malcom are: Spence Hamrick, WFEFI commercial banking, national sales manager; Scott McCann, WFEFI commercial banking, senior credit manager; Tom Petersen, WFEFI business banking, national sales manager; Dan McCall, WFEFI business banking, senior credit manager; Mark Trollinger, WFEFI specialty credit.

John McQueen, head of Wells Fargo Equipment Finance and First Union Rail, said: “Under Brent’s leadership, our loan and lease origination activity with bank clients has doubled since 2005 and last year exceeded $2.4 billion across 7,000+ equipment financings. As a 21-year veteran of Wells Fargo, Brent has the experience and the expertise to continue expanding our customer focused business model and to partner with our bank officers in building lasting relationships.”