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.
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