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

Thu Mar 21, 2013 8:30am EDT

* Reuters is not responsible for the content in this press release.

30-year industry veteran will support clients pursuing private equity-related
mergers and acquisitions
NEW YORK--(Business Wire)--
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 Insurance1 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

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 (, 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

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

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

Copyright Business Wire 2013

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