Jonathan G. Weiss Named New Head of Wells Fargo Securities
April 23 2014 - 1:00PM
Business Wire
Robert Engel to lead Investment Banking and
Capital Markets Group
Wells Fargo & Company (NYSE: WFC) today announced that
banking veteran Jonathan G. Weiss has been named the new head of
Wells Fargo Securities, effective May 15, 2014. Weiss, who is based
in New York, will replace John Shrewsberry, who was recently named
the company’s next Chief Financial Officer. Weiss will report to
Tim Sloan, who was recently named to be the new leader of Wholesale
Banking at Wells Fargo.
Jonathan G. Weiss Named New Head of Wells
Fargo Securities (Photo: Business Wire)
“We’re extremely fortunate to have such a strong management team
with deep bench strength already in place at Wells Fargo
Securities,” said Sloan. “Jon has 34 years of experience across
several financial services sectors, including investment banking,
advisory, leveraged finance, loan syndications and international.
In his new role, he will continue to lead our securities business
on a path of disciplined, profitable growth in support of Wells
Fargo’s valued corporate, middle market and institutional
clients.”
Weiss, along with Charlotte, NC-based Robert Engel, had most
recently served as co-head of Investment Banking & Capital
Markets at Wells Fargo Securities. Engel, who has more than 25
years of investment banking experience providing advice and
execution for clients across numerous industries and has been an
equal partner in Investment Banking & Capital Market’s success,
will continue to lead that business.
“I’m excited to take on this new role and collaborate with a
great team,” said Weiss. “The Wells Fargo Securities approach,
which combines a long-term relationship focus, expert insight and
advice, teamwork, and best in class execution, is a winning formula
for our clients, team members and shareholders.”
Weiss joined Wells Fargo, then Wachovia, in 2005 and assumed his
current responsibilities in 2008. Before joining Wells Fargo, he
spent 25 years at J.P. Morgan and its predecessors. From 2000 until
2005, Weiss headed J.P. Morgan’s global financial sponsor business.
Prior to that, he was based in Hong Kong, where he was chief
executive of Chase Manhattan Asia, Ltd. for three years, and the
head of Investment Banking for Asia Pacific. Weiss led the Retail
Industries group at Chemical Bank in New York from 1992 to 1996.
Before that, he was a senior partner in the Loan Syndications and
Acquisition Finance groups. Weiss also served as assistant
representative in the Mexico City office of Chemical Bank for four
years. He began his career at Chemical Bank in 1980.
Wells Fargo & Company (NYSE: WFC) is a nationwide,
diversified, community-based financial services company with $1.5
trillion in assets. Founded in 1852 and headquartered in San
Francisco, Wells Fargo provides banking, insurance, investments,
mortgage, and consumer and commercial finance through more than
9,000 locations, 12,500 ATMs, and the internet (wellsfargo.com),
and has offices in 36 countries to support customers who conduct
business in the global economy. With more than 265,000 team
members, Wells Fargo serves one in three households in the United
States. Wells Fargo & Company was ranked No. 25 on Fortune’s
2013 rankings of America’s largest corporations. Wells Fargo’s
vision is to satisfy all our customers’ financial needs and help
them succeed financially. Wells Fargo perspectives are also
available at blogs.wellsfargo.com.
About Wells Fargo Securities
Wells Fargo Securities delivers a comprehensive set of capital
markets products and services, including public debt and equity
origination and distribution, investment research, interest rate,
commodity and equity risk hedging, mergers and acquisitions advice,
prime services, structured lending facilities and municipal bond
origination. Wells Fargo Securities is comprised of nearly 4,800
team members in 40+ offices across North America, Europe, and
Asia.
Wells Fargo Securities is the trade name for certain capital
markets and investment banking services of Wells Fargo &
Company and its subsidiaries, including Wells Fargo Securities,
LLC, member NYSE, FINRA, NFA and SIPC, Wells Fargo Institutional
Securities, LLC, member FINRA and SIPC, Wells Fargo Prime Services,
LLC, member FINRA, NFA and SIPC, Wells Fargo Bank, National
Association, Wells Fargo Securities International Limited
(authorized by the U.K. FSA), Wells Fargo Securities Asia Limited
(licensed by the HK SFC), and Wells Fargo Securities (Japan) Co.,
Ltd. (registered with the KLFB).
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Wells Fargo & CompanyMediaElise Wilkinson,
704-374-6512elise.wilkinson@wellsfargo.comorInvestorsJim
Rowe, 415-396-8216
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