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October 2023 » thefivestar.com 11 October 2023 M O V E R S & S H A K E R S Lenders/Servicers WELLS FARGO TAPS FORMER U.S. DEPUTY SECRETARY OF STATE AS VICE CHAIRMAN Wells Fargo & Company has named former U.S. Deputy Secretary of State and COO of the U.S. State Department Thomas R. Nides as its new Vice Chairman, reporting to CEO Charlie Scharf and joining the company's Operating Committee. Appointed by President Barack Obama, Nides served as Deputy Secretary of State and COO of the U.S. State Department, and was awarded the nation's highest diplomatic honor by Secretary of State Hillary Clinton for his service to the country. "I am excited to join Wells Fargo at this pivotal time in the company's transformation journey," Nides said. "I look forward to working with the team to expand our products and services in new and exciting ways, and deepening our re- lationships with customers, government officials, and the people we serve in our communities." In his new role as Wells Fargo Vice Chairman, Nides will have a broad role across the company, serving as a close advisor to Wells Fargo senior management on a range of issues, including banking and management, and he will work along- side the company's business heads as it continues to expand client relationships. The company's Public Affairs function—which includes Government Relations, Corporate Communications, Corporate Branding, Community Rela- tions, the Wells Fargo Foundation, and other areas—will also report to Nides, tapping into his knowledge and experi- ence in public policy and corporate and social responsibility. Nides has extensive experience in finance and public policy. He most recently served as the United States' Am- bassador to Israel, spending two years as the nation's top diplomat there before leaving his post this past summer. Prior to his time in Israel, he spent nearly a decade at Morgan Stanley as COO, Man- aging Director, and Vice Chairman, and serving on the Operating and Manage- ment Committees where he focused on the firm's management, as well as global client relationships. His time in the private sector began with roles in the investment banking division of Credit Suisse, as well as President and CEO of Burson-Marsteller, a global public affairs firm. He began his career in politics, with a variety of roles on Capitol Hill. "The breadth of Tom's experience across the public and private sectors will be an important asset to Wells Fargo as we continue to move the company ahead," Scharf added. "The success of our transformation depends not only on the changes we make inside Wells Fargo, but on how we work with our stakehold- ers to bring those changes to life. Tom will be instrumental to that work." LOANDEPOT PROMOTES DAN HANSON TO EXECUTIVE DIRECTOR OF ENTERPRISE PARTNERSHIPS AND ACQUISITIONS loanDepot Inc. has appointed industry veteran Dan Hanson to the newly-created role of Executive Director of Enterprise Partnerships and Acquisitions. In his new role, Hanson will be responsible for developing new reve- nue-generating opportunities, includ- ing national referral relationships and acquisitions. In close collaboration with the company's senior leadership team, Hanson will also work to expand loanDepot's existing portfolio of pro- grams and partnerships (outside of the company's successful joint venture chan- "I look forward to working with the team to expand our products and services in new and exciting ways, and deepening our relationships with customers, government officials, and the people we serve in our communities." —Thomas R. Nides, Vice Chairman, Wells Fargo & Company