Wells Fargo opens hospitality finance division in NYC, hires new head

February 14, 2012 04:00PM

Wells Fargo has hired Mark Lanspa to serve as executive vice president in charge of the hospitality finance group’s new New York City office, according to a statement from the bank today.

The addition of the New York hospitality group will mean Wells Fargo has three of the specialized lending divisions nationwide. The others focus on the East Coast and West Coast. The New York office will require additional hires, but the statement did not indicate how many, or which office the staff would operate from.

Just prior to this appointment, Lanspa was a managing director at Credit Suisse, in the German bank’s commercial real estate finance group, the statement says. In the past he has worked for GE Capital, where he was reponsible for the hospitality industry group, and for Goldman Sachs, where he worked in both the investment banking and specialized industries groups.

Lanspa brings “personal and stylistic qualities that are critical to success within the Wells Fargo culture,” said Christopher Jordan, head of the hospitality finance group. “Additionally, the New York office presence, led by Mark, represents a very important enhancement of our industry coverage model.” — Guelda Voien