Wells Fargo has named Paul Camp head of its new Global Treasury Management unit. Most recently CEO of Treasury Services at BNY Mellon, he will join the company in November and will dually report to Perry Pelos, CEO of Wells Fargo Commercial Banking, and Jon Weiss, CEO of Corporate & Investment Banking.
This new role brings together Wells Fargo’s Treasury Management and Global Payment Solutions teams into one organization that provides global cash management and payments services. “By combining these businesses, Wells Fargo will be able to leverage its capabilities more effectively to help clients manage their funds and process payments worldwide”, says the company in a statement accessed by Funds Society.
The current head of Treasury Management & Payment Solutions, Danny Peltz, a 31-year veteran of Wells Fargo, and will retire on Dec. 15.
“Over Paul’s 21-year career, he has experience at industry-leading global financial institutions and in technology startup environments, focused on delivering the best solutions for clients. He has a deep background in treasury management and payment solutions, which are strategic growth opportunities for the company,” said Pelos.
Meanwhile, Weiss pointed out that Camp brings “valuable expertise” to this role where he will develop a strategy focused on growth and innovation, serving large, medium, and smaller businesses alike. “We are excited to have him join later this year to lead our efforts to enhance products and services that are foundational to our client relationships”, he added.
At BNY Mellon, Camp led an organization that offers global payments, trade services, cash management, and foreign exchange services in 36 countries. Before that, he served as the CFO, treasurer, and EVP of Financial Operations at Circle, a fintech focused on secure technology to use and store money.
He’s also held senior-level roles in transaction services and cash management at both JP Morgan Chase and Deutsche Bank. Camp holds a B.A. in classical studies from Dartmouth College and an MBA from Harvard Business School. During his time at BNY Mellon, he was recognized for his work on diversity, equity, and inclusion issues and looks forward to continuing that work at Wells Fargo.
For Marcelo Soba