Wells Fargo launches global banking division

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Wells Fargo has created a global banking division to serve U.S. clients doing business around the world.

The new division is part of Wells Fargo’s international group.

The division will be led by Sanjiv Sanghvi, a 21-year veteran of the San Francisco-based bank.

Wells Fargo’s global banking services include providing middle market and large companies with cross-border financing, working capital, risk and treasury management and trade finance services.