Wells Fargo Nabs JPMorgan Bank Exec to Lead its Bid for Diverse Client Roster
Wells Fargo has hired a JPMorgan Chase executive, and former National Football League ball player, to lead its push for a more diverse client roster, the company announced today.
At Wells, Clarence Nunn will report to Barry Sommers, the wealth management unit’s CEO, and Kleber Santos, its head of diverse segments, representation and inclusion, and will “set strategy, manage and grow partnerships for clients and prospects,” the firm said in a statement announcing his hire.
Nunn had led the Chase commercial bank’s Southeast Middle Market Banking and Specialized Industries unit, as well as its Franchise Finance business nationally, according to Wells’ announcement. He had been registered as a representative for J.P. Morgan Securities since 2016, according to his BrokerCheck record.
“This important position fills a key need in our ongoing comprehensive and organizational approach. It continues us on the path to deepen our commitment and connection to employees as well as client segments that are critical to expanding our market share,” Sommers in a statement included in the announcement.
His remit will include “building a workforce that represents the clients and communities we serve, and working to close racial wealth gaps by providing investment guidance that creates a foundation from which to build generational wealth,” Nunn said in his statement.
Prior to joining Chase, Nunn spent 24 years at General Electric, where he served as chief commercial officer of GE Commercial Distribution Finance and GE Capital Americas, and CEO of GE Capital Fleet Services, Rail Services, and Franchise Finance, among other roles, the Wells statement said.
Between 1988 and 1990, Nunn, who had played college ball for San Diego State University, was drafted into the NFL by the New Orleans Saints, played in the pre-season, and signed the next year as a free agent for the Los Angeles Rams, and again played in the pre-season, according to a Wells spokesperson.