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Sunday, June 16, 2024

Charlotte-based Wells Fargo employee will lead bank’s focus on Asian segment

A Charlotte-based Wells Fargo employee will lead the bank’s efforts to grow and oversee commercial banking relationships with Asian American- and Pacific Islander-owned and -led businesses nationwide. Andrew Moy’s role will be a first for the bank, according to a release.

Moy’s new position continues the Diverse Segments team’s expansion. He will be responsible for creating partnerships and programs to support diverse-owned and -led companies from underserved and underrepresented communities, according to Wells Fargo. Dallas-based Ruth Jacks was named head of the Commercial Banking Diverse Segments business last June reporting to the Commercial Banking CEO.

Jacks and her team focus on providing financial services and expertise to diverse-owned and -led companies with annual sales between $25 million and $2 billion.

Moy’s first focus will be to meet with clients and prospects in key markets, including Los Angeles, San Francisco, New York, New Jersey and Houston, according to Wells Fargo.

Andrew Moy

Moy graduated from the University of California. Berkeley with a bachelor’s degree in economics. He joined Wells Fargo in 1993 as a relationship management trainee with the Real Estate Group in Irvine, California. Since 2014, Moy has led several industry teams, including commodity finance, employee stock ownership plan financing, global advisory, heavy equipment dealer group, investor real estate and sustainable finance. Over the years, Moy has served on the board of the Hong Kong Association of Southern California and the Houston chapter of Pratham USA, one of the largest non-governmental education organizations in India.

Moy and his wife have seven children, ranging in age from 8 to to 25 years. His  paternal great-grandfather, Moy Bak Ling, was the first Chinese settler in Fiji, arriving in the South Pacific country of more than 300 islands in 1883.

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