American banking giant Wells Fargo has appointed David Kowach as president and head of Wells Fargo Advisors, replacing Mary Mack, who has been named as head of the group’s community banking business.
Kowach, whose service will be effective immediately, will report to David Carroll, head of Wells Fargo Wealth and Investment Management (WIM).
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Kowach has been with Wells Fargo and its predecessors for almost his entire career. Since 2012 he has served as head of WFA’s Private Client Group, WFA’s largest business channel with nearly 11,000 financial advisors who serve clients in all 50 states.
The banking group in a statement said Kowach will continue to be based in St. Louis and will lead the WFA Operating Committee.
Commenting on the appointment, Carroll said: “Ever since he began his career as a financial advisor, David Kowach has been focused on what is best for clients. David is well known and highly respected for his industry knowledge, deep relationships and proven results. He has a demonstrated track record of creativity and a vision for the evolution of the advisory business that is so important to our future competitiveness.”
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