Wells Fargo Introduces Emerging Middle Market Offering to Metro NY/NJ Area

Wells Fargo & Co. launched a new segment in the region to serve businesses in the $10 million to $75 million range.

The San Francisco-based financial services company announced the launch of its emerging middle market segment within its Metro NY/NJ commercial team Dec. 15, along with leaders for each of the neighboring states.

In New Jersey, EEM will be led by John DeSclafani; in New York City, Alicia Iskhakova will head the segment. Both teams will offer a comprehensive suite of products and services for companies in commercial and industrial, as well as investor real estate, including multifamily and commercial real estate financing.

DeSclafani reports to New Jersey Market Executive Peter Dontas and is responsible for building and maintaining a team of commercial relationship managers to serve the EMM segment across the state through offices in Marlton, Iselin, Red Bank and Summit, Wells Fargo said. He is based in Paramus.

Since joining the bank seven years ago, DeSclafani has served in several roles on the commercial banking team, including as a business banker, middle market banker and business banking leader. His prior work experience includes time with JPMorgan Chase and Bank of America.

Within the community, Wells Fargo said DeSclafani volunteers on the Christian Health Finance and Investment committees and was recently appointed to serve on the organization’s foundation board as a trustee.

In New York, Iskhakova reports to New York Market Executive Michael Keenan. Her and her team will be based in the bank’s 42nd Street offices.