Tim O’Hara to Join Corporate & Investment Bank as Head of Banking; Rob Engel Named Chairman of Banking
April 18 2022 - 4:15PM
Business Wire
O’Hara joins from BlackRock
Wells Fargo & Company (NYSE: WFC) today announced that Tim
O’Hara will join the Corporate & Investment Bank (CIB) on May
9, as head of Banking. In this role, Tim will lead corporate and
investment banking origination and execution within CIB’s Banking
Division, which is comprised of industry, regional and specialty
coverage, equity and debt capital markets, mergers and
acquisitions, corporate lending, portfolio management, and treasury
management. Tim joins Wells Fargo from BlackRock where he served as
Global Co-Head of Credit since 2017. Prior to that, Tim spent 28
years at Credit Suisse AG. He will report to Jon Weiss, CEO of the
Corporate & Investment Bank.
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Tim O’Hara will join the Corporate &
Investment Bank on May 9 as head of Banking. (Photo: Wells
Fargo)
“Tim has built an impressive career at two of our industry’s
leading firms and he brings the leadership skills, business acumen,
industry knowledge and ambitious vision to lead our business into
the future,” said Weiss. “I look forward to leveraging his
expertise and insights to maximize our potential and achieve even
greater partnership and strategic dialogue with our corporate and
institutional clients.”
Rob Engel, who has led Banking since 2014 and joined the Company
in 2005, will assume the new role of Chairman of Banking. He will
report to Tim and will remain on the CIB Operating Committee.
Weiss added: “Rob has been a trusted colleague and partner to
many clients and fellow bankers, and we are fortunate to continue
to draw on his energy, experience and expertise in dialogue with
many of our most important clients. He is a terrific leader and
strategic thinker and he’ll be a critical part of our continued
success in his new role as Chairman of Banking.”
At BlackRock, Tim spent the last five years implementing the
growth of the firm’s alternative asset investment business and he
also helped develop the firm’s private capital markets
capabilities. Tim contributed to growing BlackRock Alternative
Investors’ Global Credit business to more than $170bn in AuM. He
also served on multiple management and investment committees,
including BlackRock Alternative Investors’ Executive Committee,
BlackRock’s Global Operating Committee, the Global Human Capital
Committee, and the investment committees for, among other
investment strategies, direct lending, opportunistic credit, and
private equity.
Prior to BlackRock, Tim spent three decades at Credit Suisse,
where he held a variety of leadership positions, culminating in his
role as managing director and CEO of Credit Suisse Global Markets.
In this position, he led the Global Markets business, across all
international regions, and served the needs of clients at the
highest level, while driving profitable growth and increasing
market share. Other roles he held included: President and CEO of
Credit Suisse Holdings USA, Global Co-Head of Investment Banking,
Head of Fixed Income, North America, Global Head of Equities,
Global Head of Credit Products and Head of Leveraged Finance.
Tim serves on the Board of Directors of the University of
Virginia's Investment Management Company (UVIMCO) which oversees
the endowment for the University of Virginia. He is also a member
of the University of Virginia College Foundation Board and he
co-heads the Foundation's New York Council. Tim is a past member of
the board of directors of the Securities Industry and Financial
Markets Association (SIFMA), where he was also a member of the
Executive Committee of the Board, and he served as a member of the
Board of Trustees of the Credit Suisse Americas Foundation and the
Credit Suisse A.G. Foundation.
Tim is a graduate of the University of Virginia, and he has an
MBA from the Wharton School of Business at the University of
Pennsylvania.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets,
proudly serves one in three U.S. households and more than 10% of
small businesses in the U.S., and is a leading middle market
banking provider in the U.S. We provide a diversified set of
banking, investment and mortgage products and services, as well as
consumer and commercial finance, through our four reportable
operating segments: Consumer Banking and Lending, Commercial
Banking, Corporate and Investment Banking, and Wealth &
Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021
rankings of America’s largest corporations. In the communities we
serve, the company focuses its social impact on building a
sustainable, inclusive future for all by supporting housing
affordability, small business growth, financial health, and a
low-carbon economy. News, insights, and perspectives from Wells
Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com |
Twitter: @WellsFargo
News Release Category: WF-LO
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version on businesswire.com: https://www.businesswire.com/news/home/20220418005383/en/
Media Hannah Sloane, (347) 802-5942
Hannah.Sloane@wellsfargo.com
Amy Hyland Jones, (704) 906-8337
Amy.hylandjones@wellsfargo.com
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