Ms Wimbish, current president of Wells Fargo Advisors’s Latin America group, will relocate from St Louis to Charlotte and report to John Papadopulos, president of Wells Fargo Retirement. As head of retail retirement, Ms Wimbish will lead a department of 215 team members.

Ms Wimbish began her career at Wells Fargo in 1996 when she joined the predecessor firm wheat first securities, where she was head of relationship management for a division of the firm called mentor investment advisors, which became Evergreen Investments. She then became the division’s COO and later was COO of the independent brokerage group of Wachovia Securities.

In 2001, Ms Wimbish became COO of Wells Fargo Advisors Financial Network and in 2005 she became president of the Latin America group. Before joining Wells Fargo, she worked at SunTrust Bank in credit administration, retail banking and commercial banking.

Ms Wimbish said: “I am truly excited about the opportunity to help our broad range of customers achieve their retirement dreams through proactive planning. At Wells Fargo, we have many resources to help customers with retirement, and I look forward to helping customers succeed financially.”