Key recent hires and top rankings for leading division
Wells Fargo Securities’ Global Research, Economics & Strategy division,
part of the institutional capital markets business of Wells Fargo &
Company (NYSE: WFC), continues to gain momentum by investing in
world-class talent and has earned top rankings in the nation’s most
competitive industry surveys.
In the last two years, Wells Fargo Securities’ Global
Research, Economics & Strategy division has aggressively
invested in key sectors, adding 15 independent industry leaders:
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Jim Birchenough, Biotechnology
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Ike Boruchow, Retailing & Specialty Softlines
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Sean Dargan, Life Insurance
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Stephen East, Homebuilding
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Don Fandetti, Specialty Finance
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Vipul Jain, Residential Mortgage Backed Securities
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Ed Kelly, Food/Staples Retail
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Anthony Leung, Investment Grade Credit (Asia)
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David Maris, Specialty Pharmaceuticals
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Mike Mayo, U.S. Large-Cap Banks
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Aaron Rakers, IT Hardware & Networking Equipment (joining October 10,
2017)
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Mike Schumacher, Global Rate Strategy
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Ken Sena, Internet
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Matt Troy, Transportation
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Phil Winslow, Software
“We are committed to recruiting top-ranked talent with deep knowledge of
their industries,” said Diane Schumaker-Krieg, global head of Research,
Economics & Strategy for Wells Fargo Securities. “We have made more
investments in research in the past 18 months than ever before. While
changes in regulations are causing many of our competitors to retrench,
Wells Fargo Securities is laser-focused on providing clients with best
in class content.”
Investments in the platform have contributed to many high-profile
accolades, including a recent No. 1 ranking for the Equity Research team
by Thomson Reuters in their 2017 Analyst Awards. Wells Fargo
Securities earned 21 Analyst Awards, the highest among the 161 firms
surveyed this year. These awards evaluate analysts based on the returns
of their buy/sell recommendations and the accuracy of their earnings
estimates.
In addition:
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Institutional Investor (II) recently ranked Wells Fargo
Securities the No. 1 Investment Grade Research team for the sixth year
in a row.
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The Collateralized Loan Obligations team has been ranked No. 1 on II
for five consecutive years.
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Smith’s Research & Gradings has ranked Wells Fargo Securities the No.
1 Municipal Bond Research Team for the past four years.
“Wells Fargo Securities’ research analysts, strategists and economists
are exceptionally well positioned to deliver differentiated insights on
a myriad of companies, sectors and the broader economy. Our ongoing
investment in talent and technology will allow us to continue producing
cutting-edge, award-winning analysis that is most valued by our
clients,” said Schumaker-Krieg.
About Wells Fargo Securities
Wells
Fargo Securities delivers a comprehensive set of capital markets and
advisory 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, foreign exchange
services, and municipal bond origination. Wells Fargo Securities
consists of nearly 5,000 team members in more than 40 offices across
North America, 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. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through more than 8,500 locations,
13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 42 countries and territories to support customers who conduct
business in the global economy. With approximately 271,000 team members,
Wells Fargo serves one in three households in the United States. Wells
Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of
America’s largest corporations. News, insights and perspectives from
Wells Fargo are also available at Wells
Fargo Stories.