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Wells Fargo Hires Citi Manager, Promotes 2

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Wells Fargo Advisors (WFC) said late Wednesday that it hired a former Citi/Smith Barney manager and promoted two WFA executives to new posts.

Eduardo (“Eddie”) Queen is now a strategy director for WFA, which has 15,170 advisors and 3,200 licensed bankers. In this role, Queen will oversee efforts to develop and improve business strategies.

Eduardo Queen“I’ve always respected Wells Fargo Advisors and what it’s been able to accomplish,” said Queen (left) in an interview with AdvisorOne. “Overall, my job is to help the management team meet the priorities of the business, think these priorities through for the long term and realize how it can best execute them.”

Queen joined Citigroup (C) in 2005 to work in the wealth management area. He then focused on a new mass-affluent business within Smith Barney from 2006 to 2009 and then returned to work in Citi’s wealth management business after the Morgan Stanley Smith Barney merger.

Other Executive Shifts

Diane Gabriel, who was a managing director of the branches for the independent channel’s branch network, is now in charge of the WellsTrade business. The ex-Financial Network executive will be responsible for the strategic direction and management of the brokerage firm’s online trading platform for clients.

Gabriel, a former financial advisor and branch manager, was with FiNet since 2002. There she played a key leadership role in developing the unit into one of the industry’s premier platforms for independent advisors, the company says.

Bob McCarthy has been named the director of regulatory policy for WFA, a new position designed to help ensure that “the brokerage firm maintains a consistent and integrated approach to assessing, influencing and implementing new corporate and regulatory policy,” according to Wells Fargo.

McCarthy is a 25-year industry veteran and most recently led WFA’s regulatory compliance efforts, including an exam program, advertising review and policy management.