Wells Financial Holdings Limited CEO Reveals the Creation of Executive Positions for Global Expansion

Wells Financial Holdings Limited President and CEO, Mr. Kevin Chung confirmed today the creation of key positions to fill up leadership functions for its 2011 global expansion program. End Quote

(1888PressRelease) February 22, 2011 - In a Press Briefing, Chung revealed that five new branch offices will be opened this year, thus the need for new Senior Vice Presidents to serve as Branch Managers. However, he verified that the firm will not anymore hire new applicants for executive positions as they are going to tap their own people who have been serving the firm for some years. He believed that he has brilliant colleagues who have been notably contributed to the success of the company as well as to the promotion of the clients' investment goals and interests. Wells Financial Holdings Limited new branch offices will be opened in Tokyo Japan, Canada, Germany, Australia and Singapore.

"The aspiring candidates will be selected within the company through a stiff selection process which will be administered and decided by the Board of Directors. The Board will further analyze the competencies and capabilities of each potential candidate. They will be chosen according to some criteria such as the number of years within the firm, special trading skills, educational background, contribution to the company and above all, attitude and demeanor towards respective job assignments," added Chung.

Though they still have to undergo rigid selection process, Mr. Chung has already released three names of his colleagues who will possibly occupy the new key positions of Wells Financial Holdings Limited.

Mr. Donald Scott.
Mr. Donald Scott is one of the top choices for the position because of this extensive knowledge on regulatory, compliance and corporate matters. By profession, he is a full-pledged lawyer who has been serving the firm as a Senior Corporate Attorney for nearly seven years. Prior to joining Wells Financial Holdings Limited, Mr. Scott has served several financial institutions' Legal Departments, mostly as Chief Legal Counsel. He has nearly two decades of legal experiences from various financial and brokerage industry. He took up undergraduate and law degrees at Arizona State University and University of Chicago Law School respectively. Mr. Scott joined Wells Financial Holdings Limited in 2004.

Mr. Kenneth Brown
Mr. Kenneth Brown has been working in the industry for more than 20 years. He joined Wells Financial Holdings Limited in 2001 as Senior Account Manager focused on International Client Service. He also became mortgage product specialist of the firm, prior to being Senior Account Manager. Mr. Brown holds an MBA from City University of Seattle and received his accounting undergraduate degree from The College of New Jersey.

Mr. Jeff Long
Mr. Jeff Long is currently working as the firm's Director of Core Analytics. Previously, he was the Senior Financial Advisor, working on developing credit and interest rate derivative model and trading ideas. Prior to joining the firm in 2005,Long was a qualitative analyst for four years on the derivative trading desk of a well-known asset management company. He has 15 years of extensive experience in brokerage industry. He received his undergraduate degree with a major in Financial Mathematics at Kansas State University and holds a Doctorate Degree in Management Research Operations at Claremont Graduate University.

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