Commercial Banking Location Strategy

Kyle sent an email today finally.

Three groupings

1: Strategic market and most new non-client facing positions will be posted in these markets:
Charlotte, Dallas, Des Moines, Minneapolis, NYC/NJ Metro, Phoenix/Chandler, San Antonio, Salt Lake City, St Louis, Sf Bay Area

2: Limited Use Markets, based on specialized business needs. Current CB employees may remain in this market and approved for non-client facing postings; Atlanta, Bridgeport CT, Los Angeles, Boston, Chicago

3: CB business may maintain their current non client facing employees in the following markets but hiring will not be permitted: Columbus OH, Philly/Wilmington, Raleigh, Roanoke, Washington DC Metro/VA.

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Does anyone know if Credit Execution is considered non-client facing?

Where is Denver?

Location strategy is only about non client-facing positions.

Client facing positions are driven by where the business is - I.e. the clients.

@okp
Had another look at the email and it says “In CB, our current location strategy applies to non-client facing roles, those not regularly working face-to-face with clients. As we move forward, we will continue to assess the needs of our business and functions and evolve our CB location strategy as needed.”

Guessing that means the RM teams are fine where they are at in order to meet with clients personally, etc.? Unless there is or was another communication for client facing? Idk.

Deciphering this...is the location strategy memo only addressing non-client facing positions? what is impact on Relationship Managers?

The end of the email was all layoff warning.

What I’d like to know is if you’re not customer facing and not in one of those locations, but in the business group, when will the push out the door occur (hopefully soon :))

Thread regarding Wells Fargo & Co. layoffs

Commercial Banking Location Strategy

7 replies (most recent on top)

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