Wells Fargo (NYSE:WFC) is set to create more than 400 jobs in Asia by 2015.
Wells Fargo To Expand In Asia
Though several financial players are slowing their expansion in Asia, the largest home lender Wells Fargo (NYSE:WFC) has pledged to create new job opportunities in the region.
The bank is planning to hire 400 workers over the next three years.
It now employs 4,200 workers in the region.
John Rindlaub, Wells Fargo (NYSE:WFC)’s president for Asia Pacific operations, said, “We are hiring. As the other institutions have either slowed their growth or even cut back to reduce their expenses, we’ve been able to add great people. Many other large institutions have had large equity capital markets and debt capital markets businesses which have slowed down dramatically, and that’s one of the reasons for the cutback. We don’t have a large exposure in that area. A lot of our focus is on traditional banking activities”.
Wells Fargo (NYSE:WFC) stocks are currently standing at 33.16.