Wells Fargo Launches Global Treasury Platform in Europe
As part of its commitment to deliver a single, global treasury channel and consistent product experience for US companies doing business abroad, Wells Fargo has extended its suite of cash management solutions to the UK and Europe.
Wells Fargo’s European treasury solutions give corporate treasurers flexibility, visibility, and control with in-market accounts that are consolidated with US-based Wells Fargo accounts in reporting, inquiry, and account analysis services. Customers can access local and pan-European payments systems, 40-country automated clearing house (ACH) payments, their Wells Fargo accounts worldwide, and global cash positions with a single sign-on to the Commercial Electronic Office (CEO) internet portal.
Meanwhile, Wells Fargo operates a regional hub in London, where more than 250 team members provide local support and expertise as an extension of customers’ relationships in the US Plus, over-the-counter services throughout the UK are provided by a 1,500 branch partner bank network.
“Whether operating in the US or in markets abroad, our clients want their treasury products, channels, and service to be high quality, familiar, and consistent with what they’ve come to expect from Wells Fargo,” said Judd Holroyde, senior vice president (SVP) and head of global product management and delivery for Wells Fargo. “We use the expertise and technology that we have built over many years in the US to design products that evolve as quickly as our customers’ businesses expand in those markets.”