Wells Fargo & Company announced that Mark Myers, Executive Vice President and head of Commercial Real Estate (CRE) within the company’s Wholesale Banking group, has shared his intention to retire. Myers, 64, has been with Wells Fargo for 39 years, and will stay in his role until February 14, 2020. Wells Fargo expects to announce a new head of Commercial Real Estate in the coming weeks.
“Throughout his 39 year tenure at Wells Fargo, Mark has played a critical role in some of Wholesale’s most significant business initiatives,” said Perry Pelos, head of Wholesale Banking. “His wealth of knowledge and experience are unparalleled and, under his leadership, CRE has developed an industry-leading platform and has been ranked the #1 commercial real estate lender in the U.S. for the past decade. But beyond his contributions to the company, Mark has been a trusted friend and a committed mentor to his team. He is leaving this business in tremendous shape and I’m confident that the strong leadership bench he developed throughout his career will build on the strong foundation Mark helped create.”
As Head of Commercial Real Estate, Myers oversaw the company’s delivery of a comprehensive platform of banking, financing, and servicing solutions for commercial real estate developers and investors inclusive of balance sheet lending, CMBS origination, capital markets distribution, warehouse lending and loan servicing, agency financing for multifamily assets, and debt and equity capital for affordable housing. Under Myers’ leadership, CRE has been ranked #1 commercial real estate lender since 2009.
Myers joined Wells Fargo in 1980 and during an almost 40-year career he has held a number of senior leadership positions in the Commercial Real Estate, Corporate, Capital Markets, and Special Situation Groups, and he was named head of CRE in 2011. He has been based in San Francisco for the majority of his career, and is a member of Wells Fargo’s Management Committee. Mark currently serves on the Board of Trustees of the International Council of Shopping Centers (ICSC) and is a Trustee of the Urban Land Institute (ULI). He is also a member of the Real Estate Roundtable and is on the Policy Advisory Board Executive Committee of the Fisher Center for Real Estate at the University of California, Berkeley.
“I’m beyond grateful for the opportunities Wells Fargo has afforded me. This is a special organization and we have the best team members and customers in our industry - just two reasons why I’ve chosen to build my career here,” said Myers. “The time is right for this decision, and I am confident that we are well-positioned to build on our success, maintain our industry-leading platform, and continue serving our customers to meet their financial needs. I am heading into retirement with excitement and confidence our CRE business will continue to thrive.”