Wells Fargo & Co. said Wednesday that it has promoted Jim Hays to president and head of Wells Fargo Advisors, the company’s $1.7 trillion AUM full-service retail brokerage operation.
Hays, based in St. Louis, is a 14-year Wells Fargo veteran and was most recently head of the newly formed Private Wealth Financial Advisors group, a team of advisors in wealth hubs who partner and collaborate on behalf of primarily high-net-worth clients. Previously, he led both the Private Client Group and Wealth Brokerage Services at Wells Fargo.
He will now be in charge of 13,799 full-service financial advisors and referrals from 5,390 licensed bankers.
David Kowach, the prior president and head of Wells Fargo Advisors, was promoted to head of Community Banking at Wells Fargo.
The moves come shortly after Wells Fargo also named Julia Wellborn, the head of wealth management at Comerica Bank, as head of Private Wealth Management in charge of Wells Fargo's private bank and Abbot Downing.