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Wells Fargo has tapped govt Erik Karanik to be head of Unbiased Options for its Wealth & Funding Administration unit, which incorporates Wells Fargo Advisors. On this newly created position, Karanik will lead efforts to increase progress throughout WIM’s impartial companies, the financial institution says.
Wells Fargo’s impartial channels embody Wells Fargo Advisors Monetary Community, or FiNet, and First Clearing, a supplier of clearing and custody providers to dealer‑sellers and registered funding advisors.
See: LPL Snaps Up $16B in Wintrust Belongings From Wells Fargo
Since becoming a member of Wells Fargo in 1990, Karanik has labored on incentive compensation plans, department supervision and assist, retail actual property, product platforms, workplace operations, and monetary evaluation and planning. He’s additionally been the top of threat and management administration for WIM.
“Erik is a decisive, trusted fixture at our agency whose breadth of experience will additional drive the numerous progress we’ve made in operations and know-how across the impartial platform,” in accordance with WIM CEO Barry Sommers.
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