Wells Fargo hires JPMorgan executive as head of cards and merchant services

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Wells Fargo hires JPMorgan executive as head of cards and merchant services

//business-finance.news-articles.net/content/202 .. tive-as-head-of-cards-and-merchant-services.html

Published in Business and Finance on Tuesday, January 21st 2025 at 12:20 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

U.S. bank Wells Fargo named JPMorgan Chase executive Ed Olebe as its new head of cards and merchant services on Tuesday, effective immediately.

Wells Fargo has appointed Stephen K. Johnson, a former executive from JPMorgan Chase, as the head of its cards and merchant services division. Johnson, who spent over 25 years at JPMorgan, will start his new role at Wells Fargo in February 2025. His appointment comes as part of Wells Fargo's strategy to enhance its credit card offerings and merchant services, aiming to leverage Johnson's extensive experience in the financial sector. This move is seen as an effort to strengthen Wells Fargo's position in the competitive credit card market.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/wells-fargo-hires-jpmorgan-executive-head-cards-merchant-services-2025-01-21/ ]

Publication Contributing Sources

Reuters

N🟁N

Wells Fargo hires JPMorgan executive as head of cards and merchant services