NEW YORK--(BUSINESS WIRE)--Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company (NYSE:WFC), today announced that Bill Brenizer and David Cheney have joined the company as managing directors in the Industrials Investment Banking Group. Brenizer will work primarily with Capital Goods clients, with a particular focus on larger, multi-industry companies. Cheney will focus on the Metals & Mining sector as well as Construction Materials & Services. Both new team members will be based in New York and will report to John Church, head of Industrials.
“Bill and David are outstanding additions to our team,” said Church. “Bill has a wealth of experience and deep relationships in the Capital Goods sector, which is a very important part of Wells Fargo Securities’ customer base. He brings to bear a long and successful history of advising companies and their Boards as they pursue strategic assignments. David’s experience and relationships are very complementary to our existing Metals & Mining practice, and will expand our coverage of construction materials, infrastructure and related service businesses. These hires reflect the steady progress we are making in the growth of our platform as well as our commitment to providing deep industry knowledge and trusted, value-added advice for our clients.”
Brenizer began his investment banking career in 1978 at Dillon Read (later acquired by UBS). For the next 25 years, he was responsible for advising many of the firm’s industrial sector clients. In 2004, he joined the early founders of Sagent Advisors to build a boutique advisory business and he has spent the last eight years covering his longstanding client base. He has a Bachelor of Arts from the University of North Carolina at Chapel Hill and a Master of Business Administration from the Wharton School of the University of Pennsylvania.
Cheney spent the first eight years of his investment banking career, beginning in 1998, at JPMorgan Securities where he focused on advising and raising capital for clients in the Metals & Mining sector. After JPMorgan Securities, Cheney held various investment banking positions, including vice president at Wachovia Capital Markets LLC, where he was part of the Global Industries group and focused on mining, metals, coal and construction materials. Most recently, Cheney was a managing director at Deutsche Bank Securities Inc., where he was responsible for the bank’s Metals & Mining franchise. Cheney has a Bachelor of Arts in International Affairs from Lafayette College.
About Wells Fargo Securities
Wells Fargo Securities delivers a comprehensive set of capital markets products and services to customers, including originating and distributing public debt and equity, hedging interest rates, commodity and equity risks, advising on mergers and acquisitions, and originating structured lending facilities and municipal bonds. The institutional capital markets business is comprised of more than 3500 team members in 40+ offices across the United States, 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 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).
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a nationwide, diversified, community-based financial services company with $1.3 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 stores, 12,000 ATMs, the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With approximately 265,000 full-time equivalent team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.