Wells Fargo Capital Finance Names Regional Leaders in Asset-Based Lending for U.S. Middle Market

Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced today that it has completed its U.S. sales leadership team for the Middle Market Asset-Based Lending (ABL) group, which focuses on transactions under $35 million. With more than a century of combined financing experience, the new regional managers are Jeremy Baker, Midwest; Eric Baymiller, West; Dave Ellis, South; and Peter Pugliese, North.

Led by Kevin Gillespie, head of Middle Market ABL, and Michael Marcolina, head of Middle Market National Originations, this unit houses specialized expertise dedicated to the nation’s vital middle market sectors: retail and consumer goods; manufacturing and distribution; government contractors; staffing; trucking and transportation; and business services.

Middle market companies generate one-third of U.S. private sector gross domestic product and jobs, according to the National Center for Middle Market. Wells Fargo has the No. 1 market share of primary banking relationships with middle market companies.*

“This step is part of the transformation taking place across our Commercial Capital organization,” said Gillespie. “We’re bringing our legacy factoring and asset-based businesses together and finding opportunities to serve clients more effectively and grow with the Commercial Banking team led by Kyle Hranicky.

Reporting to Marcolina are:

• Jeremy Baker, Midwest: With 15 years of ABL and commercial finance business experience, Baker held previous leadership roles at LaSalle Bank and Protiviti before joining Wells Fargo, where he has spent most of his career. He graduated from University of Iowa and lives in Chicago.
• Eric Baymiller, West: With 30 years of experience in the banking and financial industry, Baymiller has held leadership positions at GE Capital, Union Bank, and most recently Wells Fargo. He graduated from Drake University and lives in the San Francisco Bay Area.
• Dave Ellis, South:  With more than 30 years of banking experience, Ellis has held leadership roles in the Capital Finance factoring and ABL division. He graduated from Berry College in Mount Berry, Georgia, and lives in Atlanta.
• Peter Pugliese, North: With most of his 30 years in banking at Wells Fargo in ABL leadership roles, Pugliese graduated from State University of New York College at Oneonta and lives in New York City.

“With this leadership team in place and a product set that includes factoring and asset-based lending, we can provide middle market companies with financing and industry experience that will help them succeed financially,” said Marcolina.

About Wells Fargo 

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,600 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 33 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. 

About Wells Fargo Capital Finance

Wells Fargo Capital Finance – a part of Wells Fargo Commercial Capital – is the trade name for certain asset-based lending services, senior secured lending services, accounts receivable and purchase order finance services, and channel finance services of Wells Fargo & Company and its subsidiaries, and provides traditional asset-based lending, specialized senior and junior secured financing, accounts receivable financing, supply chain finance and channel finance to companies across the United States and internationally. Dedicated teams within Wells Fargo Capital Finance provide financing solutions for companies in specific industries such as retail, software publishing and high-technology, commercial finance, staffing, government contracting and others. For more information, visit wellsfargocapitalfinance.com.

* #1 Total middle market banking share in the U.S. and the most primary banking relationships with middle market companies with $25 million to $500 million in annual sales (4Q2016-3Q2018) Barlow Research Middle Market Rolling 8 Quarter Data