Danny Ludeman announced recently that he would retire from Wells Fargo Advisors effective Jan. 1, leaving a 34-year career at the brokerage firm, where Mary Mack, the head of the WFA financial services division, will succeed him.
“Under Danny’s leadership, we have created a premier brokerage and advisory firm whose success is based on offering clients advice and planning through multiple channels – in brokerage offices, retail bank stores, or online,” David M. Carroll, the head of Wells Fargo’s wealth, brokerage and retirement business, said. “His many contributions to Wells Fargo, his commitment to our communities across the country, and his strong dedication to the client will be missed.”
Ludeman has served as the executive vice president and head of WFA since it merged with Wachovia in 2008. He served as head of Wachovia Securities for nearly 10 years after First Union/Wachovia acquired Wheat Securities, where he held a number of leadership roles.
Ludeman is also the chairman of the St. Louis Regional Chamber and the co-chairman of the capital campaign for CityArchRiver 2015. He also serves on the boards of a number of other organizations, including St. Louis Zoo, United Way of Greater St. Louis and Missouri Botanical Garden.
Mack, his successor, has overseen strategic direction and investment advisory product management, as well as national sales, lending and banking services and strategic solutions as head of the financial services group at WFA. Her career with the company spans 28 years.
She also serves on the board of trustees at Davidson College and previously served on the boards and committees of Johnson C. Smith University, United Way of Central Carolinas and Junior Achievement, among others.
“I am confident Mary has the right mix of experience, vision, and energy to lead our advisors in continuing to help our clients succeed financially,” Carroll said.