CHICAGO-- (BUSINESS WIRE) -- Wells Fargo Insurance Services has named veteran Wells Fargo executive Todd Wartchow as senior finance officer.

Based in the company’s corporate office in Chicago, Wartchow is responsible for directing financial performance and the development of strategic business initiatives. He is also responsible for managing finance team members in preparation of profitability analysis of products, customers and/or business segments, and potential new lines of business and acquisitions. Finally, Wartchow is responsible for developing and maintaining governance and control structure over Wells Fargo Insurance Services.

“Todd is a tremendous addition to our Wells Fargo Insurance Services team,” said Neal Aton, president and CEO of Wells Fargo Insurance Services. “He is a seasoned Wells Fargo professional and brings a rich background to Wells Fargo Insurance Services, including mergers and acquisitions experience and finance leadership roles in the bank. We are thrilled to have Todd join us.”

Prior to joining Wells Fargo Insurance Services, Wartchow was senior vice president and head of the financial management team for Wells Fargo’s Los Angeles Metro Community Bank. He was responsible for the financial management of the Los Angeles Region which includes nearly 300 banking stores in Los Angeles, Ventura and Santa Barbara Counties with more than $30 billion in deposits and 5,500 team members.

Wartchow received his bachelor’s degree in accounting from the University of Minnesota and his master’s degree in business administration with emphases in finance and strategic management from the University of Chicago.

About Wells Fargo Insurance Services

Wells Fargo Insurance Services, Inc., along with Wachovia Insurance Services, is the fifth largest insurance brokerage in the world and the largest bank-owned insurance brokerage in the U. S. (Business Insurance, 2008) with more than 200 offices in 37 states. Its 9,200 insurance professionals place more than $15.5 billion of risk premiums with expertise in property, casualty, benefits, international, personal lines, and life products.

Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.