Rob Fernandez will lead the Wells Fargo team of six in San Jose, California, while peer SVB will start its UK bank in January and plans others in India and China.
Wells Fargo, a New York-listed bank, has set up a commercial banking group for venture capital (VC)-backed companies in San Jose, California, as part of a potential doubling in its team over the next few years as peers also continue to expand.
Rob Fernandez will lead the team of six in San Jose, which has about 350 to 400 venture-backed companies in the region, while Well Fargo has 12 people in Palo Alto and eight in Southern California.
Eric Houser,…
