Danny Ludeman, head of Wells Fargo Advisors, will retire on Jan. 1 after 34 years with the group, the company said. He will be replaced by Mary Mack, who now leads the WFA Financial Services Group.
Ludeman was tapped to be executive vice president of Wells Fargo Advisors after it merged with Wachovia in 2008. He led Wachovia Securities for nearly 10 years and held key leadership posts at Wheat First Securities before First Union/Wachovia acquired that firm.
“Under Danny’s leadership, we have created a premier brokerage and advisory firm whose success is based on offering clients advice and planning through multiple channels, in brokerage offices, retail bank stores or online,” said David M. Carroll, head of Wells Fargo’s Wealth, Brokerage and Retirement business, in a press release.