Source: Wells Fargo
Wells Fargo Capital Finance, part of Wells Fargo & Company (WFC), announced that Nick Lawrence has been appointed as managing director for Supply Chain Finance (SCF) as it finalizes the build out of its European platform to support all three international products, Channel Finance, Supplier Finance and Sales Finance.
Lawrence joins Wells Fargo from GE Capital Bank Limited in London, where he served as a commercial leader in the Commercial Distribution Finance business. Along with his experience in cross-border trade receivables financing and supply chain finance, he brings extensive commercial sales experience specializing in helping manufacturer’s and their distribution channel partners grow their revenues. Lawrence spent the last 10 years of his career with a strong focus on the technology sector providing products and solutions for global corporations designed to optimise working capital and cashflow, manage risk and keep supply chains stable.
Based in London, Lawrence will oversee the SCF business in Europe by developing market strategies, originating new SCF programs, and expanding new and existing supplier and vendor relationships. His appointment, under the leadership of Steve Hopkins, head of Supply Chain Finance, demonstrates the next stage of Wells Fargo Capital Finance’s international expansion in Europe.
“Nick brings extensive knowledge to his role with over 25 years of experience in the financial services arena,” said Hopkins. “Supply chain financing is increasingly important in international trade as dynamic trends in the global market continue to add complexity. Nick’s ability to implement strategies to drive growth and expansion of these programmes will position us to support more of our customers throughout Europe.”