Wells Fargo & Company has named Richard Yorke as new head of its international group, reporting to Dave Zuercher, group head of international and insurance services.

Mr Yorke will be based in San Francisco and will have responsibility for global financial institutions and trade services, international financial services and global operations. He will join Wells Fargo in October 2010.

Mr Yorke worked with HSBC for 20 years in various international roles and spent time in Dubai, Hong Kong, Indonesia, Jersey in the Channel Islands and the US. Most recently he served as group general manager and president and CEO of HSBC Bank China.

Dave Hoyt, head of wholesale banking at Wells Fargo, said: “Richard’s extensive experience and his enthusiasm for this business will be great assets as we continue to build our international capabilities to help us meet all our customers’ financial needs. We are thrilled to welcome Richard to Wells Fargo.”