Wells Fargo Launches Emerging Middle Market Division in Metro NY/NJ Market

On Dec 15, 2022

Wells Fargo has launched its emerging middle market (EMM) segment within the company’s Metro NY/NJ commercial banking team. The segment, which focuses on serving businesses in the $10 million to $75 million range, will be led by John DeSclafani in New Jersey and Alicia Iskhakova in New York City.

The teams will offer a comprehensive suite of products and services to serve the diverse needs of companies both in commercial and industrial (C&I), as well as investor real estate, including multifamily and commercial real estate financing.

DeSclafani, reporting to NJ Market Executive Peter Dontas, will be responsible for building and maintaining a team of commercial relationship managers focused on the EMM segment across the state, with offices in Marlton, Iselin, Red Bank, and Summit, while being based out of Paramus.

DeSclafani joined Wells Fargo seven years ago and has held various roles within the commercial banking team, serving a business banker, middle market banker, and as a business banking leader. Prior to Wells Fargo, he has held positions with JPMorgan Chase and Bank of America.

Iskhakova brings over 18 years of experience in retail, business banking, and commercial real estate to Wells Fargo. Reporting to NY Market Executive Michael Keenan, she will be responsible for building out a new EMM team in the bank’s 42nd Street offices.

Before joining Wells Fargo, Iskhakova worked at JPMorgan since 2004, holding various roles including relationship banker, senior relationship manager, business banking area manager, and executive director/treasury group sales manager. Her most recent achievement was building and implementing a nationwide treasury platform tailored to real estate investors.

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