New coverage leaders appointed to Wells Fargo Securities
CHARLOTTE, N.C.--(BUSINESS WIRE)--Wells
Fargo Securities, the investment
banking and capital markets business of Wells Fargo & Company (NYSE: WFC),
announced today that John Hudson and Kristin Lesher have been named the
new co-heads of Investment Banking Coverage, effective immediately. Both
will report to Walter Dolhare and Rob Engel, co-heads of Wells Fargo
Securities.
Hudson and Lesher are senior bankers within Wells Fargo Securities, with
Hudson serving most recently as head of Consumer, Healthcare and Gaming
Investment Banking, and Lesher as head of Regional Investment Banking.
In their new roles, they will oversee the teams providing advisory and
capital-raising solutions for corporate, financial sponsors and
commercial clients in coordination with other businesses across Wells
Fargo. The Investment Banking Coverage group today consists of industry
and specialty coverage groups such as Consumer, Retail, Healthcare &
Gaming; Energy & Power; Financial Institutions; Industrials; Real
Estate; Technology, Media & Telecom; Financial Sponsors; and Regional
Investment Banking.
“With a combined tenure of more than 45 years in investment banking,
John and Kristin have proven that they can build strong teams, deliver
strategic financial solutions and advice to clients, establish
successful partnerships across the bank and lead in a manner consistent
with our culture,” said Engel. “They have worked closely together as
leaders for two of our important coverage businesses, and they bring
complementary skillsets and experiences to their roles as new co-heads.”
Hudson, who will remain in Charlotte, has been with Wells Fargo
Securities since 1998 having joined a predecessor firm, Bowles Hollowell
Conner & Co. Previously he worked at Salomon Smith Barney (now
Citigroup) and Kidder Peabody & Co in New York. Over his 28-year career
in investment banking, Hudson has completed more than 300 advisory,
equity financing and debt financing transactions on behalf of a diverse
client base. He earned a B.S. from Washington & Lee University and an
M.B.A. from the Columbia University Graduate School of Business.
Lesher, who will be based in New York, has been with Wells Fargo since
2000, joining Wells Fargo Securities in 2010. She has nearly 20 years of
investment banking experience originating and executing a broad range of
transactions including buy-side, sell-side, and joint venture
assignments, as well as equity and debt transactions. Previously Lesher
was a senior member of Wells Fargo’s Treasury group and also worked in
Wells Fargo Corporate Development, where she was responsible for
acquisitions and divestitures. She also worked in Wells Fargo’s Mergers
and Acquisitions group. Lesher earned a B.A. from Duke University and an
M.B.A. from Northwestern University’s Kellogg Graduate School of
Management.
“John and Kristin highlight our commitment to ensuring that we are
aligned to provide the right capabilities and structure for our clients
and even better positioned to execute on growth opportunities and
efficiencies across the platform,” Dolhare said. “We are excited about
the possibilities this coverage model presents for our team, our
partners and our clients.”
In addition to assuming their new leadership roles, Hudson and Lesher
will continue to oversee their respective coverage areas until their
successors are named.
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. The
institutional capital markets business is comprised of more than 4,200
team members in 50+ locations across the U.S., Europe and Asia.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 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 8,600 locations, 13,000 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 36 countries and
territories to support customers who conduct business in the global
economy. With approximately 268,000 team members, Wells Fargo serves one
in three households in the United States. Wells Fargo & Company was
ranked No. 27 on Fortune’s 2016 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy our customers’
financial needs and help them succeed financially. Wells Fargo
perspectives are also available at Wells
Fargo Blogs and Wells
Fargo Stories.