Industry veterans partner to continue growth of leading investment bank
Wells Fargo & Company (NYSE:WFC) announced today that Walter Dolhare and
Robert Engel have been appointed as co-heads of Wells Fargo Securities
(WFS), the company’s capital markets, sales and trading, and investment
banking business, effective July 1. The appointment follows the recent
promotion of Jonathan Weiss, the former head of WFS, to succeed David
Carroll as head of Wealth and Investment Management. As announced last
week, Carroll is retiring from Wells Fargo effective July 1.
Dolhare and Engel are long-time senior leaders in Wells Fargo
Securities, with Dolhare serving as head of the Markets Division and
Engel as head of Investment Banking and Capital Markets (IBCM). Dolhare
and Engel will remain based in Charlotte and report to Perry Pelos, head
of Wholesale Banking.
“Walter and Rob are strong, experienced leaders whose long history of
working together to support our clients makes them a logical fit to
co-lead the WFS platform,” said Pelos. “We are fortunate to have a deep
bench of talented leaders on the WFS team that allows us to move forward
seamlessly. Walter and Rob will partner to continue to grow this
important business by meeting the evolving needs of our domestic and
international clients.”
Dolhare joined First Union Securities, a predecessor to Wachovia
Securities, in 1995 and served in numerous sales management and
leadership roles before assuming his current role in 2004. As head of
the Markets Division, he is responsible for the domestic and
international strategy and management of the firm’s market-leading
trading and securities businesses.
Dolhare serves in leadership roles on boards for several Wells Fargo
subsidiaries, industry associations and nonprofits, including the Global
Financial Markets Association (GFMA), the McColl Center for Art and
Innovation, and the Hispanic Scholarship Fund.
Engel joined Wells Fargo as head of Mergers and Acquisitions in 2005,
became the co-head of Investment Banking and Capital Markets in 2008,
and assumed his current role in 2014. He has more than 30 years of
investment banking experience, providing clients across industries with
advice and execution for capital structure solutions, debt and equity
financings, mergers and acquisitions, and restructurings. Prior to
joining Wells Fargo, Rob ran Mergers and Acquisitions and Restructuring
for Gleacher Partners in New York and London. Before joining Gleacher,
he worked at the merchant bank Morgan Grenfell.
Rob takes an active interest in the community, serving on the boards of
the Charlotte Center City Partners, Thurgood Marshall Foundation, Opera
Carolina, Westminster Kennel Club Foundation, and St. Paul’s School in
London.
In addition to their new roles as co-heads of Wells Fargo Securities,
Dolhare and Engel will continue to oversee the Markets Division and
IBCM, respectively, until additional leadership plans are announced.
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 $2.0 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 8,500 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 273,000 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. News, insights and
perspectives from Wells Fargo are also available at Wells
Fargo Stories.
