NEW YORK--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that banking veteran Jonathan G. Weiss has been named the new head of Wells Fargo Securities, effective May 15, 2014. Weiss, who is based in New York, will replace John Shrewsberry, who was recently named the company’s next Chief Financial Officer. Weiss will report to Tim Sloan, who was recently named to be the new leader of Wholesale Banking at Wells Fargo.
“We’re extremely fortunate to have such a strong management team with deep bench strength already in place at Wells Fargo Securities,” said Sloan. “Jon has 34 years of experience across several financial services sectors, including investment banking, advisory, leveraged finance, loan syndications and international. In his new role, he will continue to lead our securities business on a path of disciplined, profitable growth in support of Wells Fargo’s valued corporate, middle market and institutional clients.”
Weiss, along with Charlotte, NC-based Robert Engel, had most recently served as co-head of Investment Banking & Capital Markets at Wells Fargo Securities. Engel, who has more than 25 years of investment banking experience providing advice and execution for clients across numerous industries and has been an equal partner in Investment Banking & Capital Market’s success, will continue to lead that business.
“I’m excited to take on this new role and collaborate with a great team,” said Weiss. “The Wells Fargo Securities approach, which combines a long-term relationship focus, expert insight and advice, teamwork, and best in class execution, is a winning formula for our clients, team members and shareholders.”
Weiss joined Wells Fargo, then Wachovia, in 2005 and assumed his current responsibilities in 2008. Before joining Wells Fargo, he spent 25 years at J.P. Morgan and its predecessors. From 2000 until 2005, Weiss headed J.P. Morgan’s global financial sponsor business. Prior to that, he was based in Hong Kong, where he was chief executive of Chase Manhattan Asia, Ltd. for three years, and the head of Investment Banking for Asia Pacific. Weiss led the Retail Industries group at Chemical Bank in New York from 1992 to 1996. Before that, he was a senior partner in the Loan Syndications and Acquisition Finance groups. Weiss also served as assistant representative in the Mexico City office of Chemical Bank for four years. He began his career at Chemical Bank in 1980.
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.5 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 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at blogs.wellsfargo.com.
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. Wells Fargo Securities is comprised of nearly 4,800 team members in 40+ offices across North America, 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 Prime Services, LLC, member FINRA, NFA 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).