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Wells Fargo Names New Head Of Brokerage Subsidiary

Eliane Chavagnon

30 September 2013

Danny Ludeman is to retire as head of Wells Fargo Advisors and will be succeeded in this role on January 1, 2014, by Mary Mack, who currently serves as head of the Wells Fargo Advisors Financial Services Group.

Ludeman has served as executive vice president and head of Wells Fargo Advisors since the Wachovia merger in 2008. He led Wachovia Securities for nearly ten years prior, and held key leadership roles at Wheat First Securities before First Union/Wachovia acquired that firm.  

As head of the Financial Services Group at Wells Fargo Advisors, Mack - who has been at Wells Fargo for 28 years – oversees: investment advisory products; strategic solutions; advice; lending and banking services; national sales; financial advisor productivity and development; and financial advisor recruiting and integration.

Mack joined predecessor firm First Union in 1984 and has held numerous leadership positions for groups including Wealth Brokerage Services, Investment Services Group and Wachovia Client Partnership. 

Wells Fargo Wealth, Brokerage and Retirement includes Wells Fargo Advisors - the firm's independent brokerage subsidiary - Wells Fargo Private Bank, Abbot Downing and Wells Fargo Retirement.