Richard Colton to Lead Wells Fargo Insurance Mergers and Acquisitions Industry Practice

  Richard Colton to Lead Wells Fargo Insurance Mergers and Acquisitions
  Industry Practice

30-year industry veteran will support clients pursuing private equity-related
                           mergers and acquisitions

Business Wire

NEW YORK -- March 21, 2013

Wells Fargo Insurance, part of Wells Fargo & Company (NYSE: WFC), named
Richard Colton head of its Mergers and Acquisitions Industry Practice. Serving
middle market and large corporate customers, including private equity firms,
the practice provides clients with insurance, risk, due diligence, and
employee benefit services and solutions. In his role, Colton will work closely
with clients pursuing opportunities with private equity-related transactions,
as well as lead related sales and growth initiatives, and operations. Based in
New York, he will report to Peter Gilbertson, regional managing director for
Wells Fargo Insurance’s Northeast region.

“Throughout his career, Richard has been a pioneer in developing private
equity-related risk and insurance solutions,” said Gilbertson. “Under his
leadership, Wells Fargo Insurance will not only better serve our customers,
but will be a valuable resource for other businesses throughout the company
that serve the private equity industry.”

The Wells Fargo Financial Sponsors Group, part of Wells Fargo Securities, is
one of the other business lines that benefits from the practice. “The
credibility and leadership that Richard brings to this vital service nicely
rounds out our offering of corporate and investment banking products and
solutions to our private equity clients,” said Brian Van Elslander, managing
director and head of Wells Fargo Financial Sponsors Group.

Colton previously served as co-founder of Aon’s mergers and acquisitions group
and was also former chairman of Lockton’s mergers and acquisitions group. He
received his Bachelor of Science degree from Long Island University.

About Wells Fargo Insurance

Wells Fargo Insurance^1 is the fifth largest insurance broker in the
world(Business Insurance, 2012). With 127 offices in 37 states, Wells Fargo
Insurance provides solutions for a wide range of customers, including retail
consumers, high net worth individuals, small businesses, as well as middle
market and large corporate customers. The 7,000 insurance professionals of
Wells Fargo Insurance write or place $15 billion of risk premiums annually in
property, casualty, benefits, international, personal lines, and life products
and also includes the nation’s largest crop insurance provider, Rural
Community Insurance Services (RCIS).

About Wells Fargo & Company

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial finance
through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank’s customers who
conduct business in the global economy. With more than 265,000 team members,
Wells Fargo serves one in three households in the United States. Wells Fargo &
Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy all our customers’ financial
needs and help them succeed financially.

^1 Ranking includes Wells Fargo Insurance Services USA, Inc., Wells Fargo
Insurance Services of West Virginia, Inc., Wells Fargo Insurance, Inc., and
Rural Community Insurance Company

Contact:

Wells Fargo & Company
Angenette Lau, 415-396-9904 (Media)
 
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