Avid Modjtabai

AVID MODJTABAI

Executive Vice President & CIO
Wells Fargo Bank
2008 Recipient

Avid Modjtabai, Executive Vice President and Director of Human Resources, assumed her current role in June 2005. Her responsibilities include developing and implementing people strategies to support Wells Fargo’s business objectives, as well as the management of compensation and benefits, human resource service centers, systems and payroll, finance, team member relations and assistance, talent management, learning and development and diversity for over 150,000 Wells Fargo team members. A 12-year veteran of Wells Fargo, Modjtabai helped Wells Fargo become the leading provider of online financial services. She was previously Executive Vice President and Director of Internet Services where she was responsible for managing consumer and small business internet services for Wells Fargo. The online division has created revenues for the financial services company from sales through the online channel, improved retention, increased cross-sell and accelerated online channel usage. During her tenure, Wellsfargo.com was ranked as the #1 Internet Bank by Watchfire GomezPro and the Best Consumer Internet Bank in the industry by Global Finance. She was also head of Wells Fargo’s Online Personal Financial Services, including both the consumer and the online brokerage services, and served as head of Wells Fargo’s Consumer Internet Services (CIS) group. Prior to CIS, she was head of the Enterprise Internet Services Group, responsible for customer experience on Wellsfargo.com. Modjtabai’s Wells Fargo career has also included management positions in Consumer Deposits, the Investment Group and she was a senior consultant in Corporate Strategy. She joined Wells Fargo from McKinsey & Company, where she focused on strategy initiatives in financial services. In 2004 she was selected as one of the 25 Most Powerful Women in Banking by U.S. Banker, one of the 100 Most Influential Women in Bay Area Business by the San Francisco Business Times in 2004 and 2005, and the number three e-finance innovator by Institutional Investor. She received a B.S. in industrial engineering from Stanford University and an MBA in finance from Columbia University

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