Office of the Mayor

Wells Fargo Advisors Announce Expansion

Wells Fargo Advisors will expand its office presence and bring 400 jobs to its headquarters campus in downtown St. Louis over the next few years.

August 1, 2012 | 2 min reading time

This article is 13 years old. It was published on August 1, 2012.

 Danny Ludeman, Gov. Jay Nixon and Mayor Francis Slay at the Wells Fargo Advisors announcement July 27, 2012.

Wells Fargo Advisors announced last week that it is investing $33 million to expand its St. Louis offices, including renovating 180,000 square feet of office space and purchasing new machinery, equipment, furniture and fixtures.  The corporation will also be creating 400 new jobs over the next three years, with positions added in its wealth, brokerage and retirement operations. 

Pictured above from left are Danny Ludeman, President and CEO of Wells Fargo Advisors, Missouri Governor Jay Nixon and Mayor Francis G. Slay. (Photo by UPI/Bill Greenblatt)

"The jobs we are bringing to St. Louis will enhance our company's capacity to serve clients nationally," said Ludeman.  "These new jobs also serve to reinforce the position St. Louis holds as home to one of the largest concentrations of financial services talent outside of New York.  We are grateful for the way our elected officials rallied behind this effort and appreciate their serious commitment to growing this region.  We expect these new jobs to contribute directly and indirectly to their efforts to strengthen our regional economy."

Wells Fargo Advisors is the nation's third-largest financial service company providing retail, commercial and mortgage banking; insurance; trusts and investments; investment banking; brokerage services; and consumer and commercial finance.

The company plans a two-phase renovation, each of 90,000 square feet.  The second phase will take place in 2013 or 2014.

 

Mayor's Office

City of St. Louis

Most Read News

  1. City of St. Louis Water Division Lifts Precautionary Boil Advisory for Parts of South City The City Water Division has lifted the precautionary boil water advisory
  2. City Launches New Recovery Programs for St. Louisans Impacted by the May 16 Tornado These programs address urgent repair needs, provide trusted technical guidance, and protect homeowners from fraud or further damage.
  3. Additional Disaster Recovery Centers Opening in the City of St. Louis Two more Disaster Recovery Centers with FEMA Individual Assistance staff are opening to help people affected by the May 16 tornado and storms.

Did you notice an error? Is there information that you expected to find on this page, but didn't? Let us know below, and we'll work on it.

Was this page helpful?



Comments are helpful!
500 character limit

Feedback is anonymous.