Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced it has completed its U.S. sales leadership team for the Middle Market Asset-Based Lending (ABL) group, which focuses on transactions under $35 million. With more than a century of combined financing experience, the new Regional Managers are Jeremy Baker, Midwest; Eric Baymiller, West; Dave Ellis, South; and Peter Pugliese, North.

Led by Kevin Gillespie, head of Middle Market ABL, and Michael Marcolina, head of Middle Market National Originations, this unit houses specialized expertise dedicated to the nation’s vital middle market sectors: retail and consumer goods; manufacturing and distribution; government contractors; staffing; trucking and transportation; and business services.

Middle market companies generate one-third of U.S. private sector gross domestic product and jobs, according to the National Center for Middle Market. Wells Fargo has the No. 1 market share of primary banking relationships with middle market companies.

“This step is part of the transformation taking place across our Commercial Capital organization,” said Gillespie. “We’re bringing our legacy factoring and asset-based businesses together and finding opportunities to serve clients more effectively and grow with the Commercial Banking team led by Kyle Hranicky.

Reporting to Marcolina are:

• Jeremy Baker, Midwest: With 15 years of ABL and commercial finance business experience, Baker held previous leadership roles at LaSalle Bank and Protiviti before joining Wells Fargo, where he has spent most of his career. He graduated from University of Iowa and lives in Chicago.
• Eric Baymiller, West: With 30 years of experience in the banking and financial industry, Baymiller has held leadership positions at GE Capital, Union Bank, and most recently Wells Fargo. He graduated from Drake University and lives in the San Francisco Bay Area.
• Dave Ellis, South: With more than 30 years of banking experience, Ellis has held leadership roles in the Capital Finance factoring and ABL division. He graduated from Berry College in Mount Berry, GA, and lives in Atlanta.
• Peter Pugliese, North: With most of his 30 years in banking at Wells Fargo in ABL leadership roles, Pugliese graduated from State University of New York College at Oneonta and lives in New York City.

“With this leadership team in place and a product set that includes factoring and asset-based lending, we can provide middle market companies with financing and industry experience that will help them succeed financially,” said Marcolina.