Former Wells Fargo execs hired by Bank of the West
What Wells Fargo loses, Bank of the West gains. Two former Wells Fargo executives joined the beverage group at Bank of the West. The beverage group is part of the agribusiness division in the bank’s commercial banking group.
Perry DeLuca was a senior vice president at Wells Fargo Bank, where he led the bank’s wine, food and beverage practice in the western division.
Peter Hsu spent more than 18 years with Wells Fargo Bank, where he held roles including regional operating officer and loan team manager for the bank’s San Francisco commercial banking office. Most recently, he was regional team lead of Wells Fargo’s North Coast Regional Commercial Banking Office.
DeLuca and Hsu are both managing directors at Bank of the West.
Another executive not from Wells Fargo, Tony Bowker, director of business development, also joined the beverage group.
DeLuca, Hsu and Bowker report to Adam Beak, managing director and head of the beverage group.
“In the past year, Bank of the West has strategically built on the success of our wine business by expanding into the beer and spirits sectors,” said Jean-Marc Torre, head of the Commercial Banking Group. “We’ve more than doubled the size of our Beverage Group and, in bringing Perry DeLuca, Peter Hsu and Tony Bowker aboard, we are even better equipped to offer our clients experienced perspectives and smart solutions from people who know the industry incredibly well.”
DeLuca will divide his time between business development and supporting relationships with current wine clients. He will also focus on advancing the bank’s advisory activities in the wine sector.
Hsu will draw on his banking management background to help grow the team.
Bowker will build relationships with breweries, distributors and beer clients. Before joining Bank of the West, Bower was president of Virtue Holdings, LLC, where he oversaw the acquisition and integration of operations of the company by Anheuser-Busch InBev. Bowker served on the Anheuser-Busch InBev Craft Advisory Board.