Wells Fargo Advisors Names Jim McHale Chief Compliance Officer

St. Louis, Missouri. (February 5, 2015) Wells Fargo Advisors (WFA) announced today that Jim McHale has joined the nation's third-largest brokerage firm as chief compliance officer, reporting to Bob Mooney, chief compliance officer of Wealth, Brokerage and Retirement. McHale, who will serve on the firm’s Operating Committee, most recently held positions as global head of Brokerage Compliance at E*TRADE Financial Corporation and associate general counsel for the Securities Industry and Financial Markets Association (SIFMA).

McHale will be responsible for leading the compliance function for WFA’s retail brokerage business, including oversight of products and regulatory compliance, internal controls, anti-money laundering, regulatory change management, and regulatory affairs.

"Jim is an exceptional addition to our team," said Mary Mack, President and Head of Wells Fargo Advisors. "He has the skills, perspective and leadership required to help WFA thrive in an increasingly complex and demanding regulatory environment."

While at E*TRADE Financial Corporation, McHale helped design and implement an enterprise compliance program consistent with the expectations of the federal banking regulators. At SIFMA, he worked closely with SIFMA member firms, led the development of industry positions on key regulatory and compliance issues and guided the preparation of SIFMA’s comment letters on proposed rules and regulations.

McHale holds a juris doctor degree from the University of South Carolina School of Law and a bachelor of science degree from the University of South Carolina School of Business Administration.

About Wells Fargo Advisors

With $1.4 trillion in client assets as of December 31, 2014, Wells Fargo Advisors provides investment advice and guidance to clients through 15,187 full-service financial advisors and 3,852 licensed bankers. This vast network of advisors, one of the nation’s largest, serves investors through locations in all 50 states and the District of Columbia. Wells Fargo Advisors is the trade name used by two separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC (members SIPC). Statistics include other broker-dealers of Wells Fargo & Company. www.wellsfargoadvisors.com

Investment products and services are offered through Wells Fargo Advisors, LLC.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com),and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

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