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Wells Fargo commodities head Roncevich leaves as industry shifts

Posted on 01 February 2013

John Roncevich, the former head of Wells Fargo & Co. (WFC)’s commodities business, has left the lender and formed a venture to advise banks on ways they can sidestep some of the new regulations affecting the industry.
Roncevich departed in November after ceding oversight of the business in July, Elise Wilkinson, a bank spokeswoman, said via e-mail today. Roncevich joined Wells Fargo through its 2008 purchase of Wachovia Corp. and ran the sales and trading of physical commodities and derivatives. Pekka Kauranen now heads commodities trading at the San Francisco-based firm………………………………………..Full Article: Source


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