Wells Fargo & Company announced that Clarence Nunn joined as head of Diverse Segments for Wells Fargo Wealth & Investment Management (WIM). This important role supports Wells Fargo’s elevated focus on expanding its commitment to diversity, equity and inclusion. Nunn will report to Barry Sommers, CEO of WIM, and Kleber Santos, head of Diverse Segments, Representation and Inclusion (DSRI).
As head of Diverse Segments, Nunn will lead WIM’s efforts to expand their diverse clients along with the services they provide to existing and new clients.
“This important position fills a key need in our ongoing comprehensive and organizational approach. It continues us on the path to deepen our commitment and connection to employees as well as client segments that are critical to expanding our market share,” said Sommers. “We are confident Clarence is the ideal leader for this very important role.”
Nunn joins Wells Fargo from JPMorgan Chase where he led the Southeast as head of Middle Market Banking and Specialized Industries, and the Franchise Finance business nationally within JPMorgan Chase’s Commercial Bank. Prior to JPMorgan Chase, Nunn spent 24 years at General Electric (GE), and as a company officer, he held senior leadership roles as chief commercial officer of GE Commercial Distribution Finance and GE Capital Americas. He was also president and CEO of several business units including GE Capital Fleet Services, Rail Services, and Franchise Finance.
“I’m excited to join Wells Fargo and to lead our efforts in Wealth & Investment Management where our mission is to play an active role in helping diverse communities flourish,” said Nunn. “This begins with building a workforce that represents the clients and communities we serve, and working to close racial wealth gaps by providing investment guidance that creates a foundation from which to build generational wealth.”
A graduate of San Diego State University with a degree in marketing, Nunn also earned his master’s in business administration from Rensselaer Polytechnic Institute.