Walter Dolhare and Robert Engel to Co-Lead Wells Fargo Securities

Industry veterans partner to continue growth of leading investment bank

CHARLOTTE, N.C.--()--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.

Contacts

Wells Fargo & Company
Media
Elise Wilkinson, 704-374-6512
elise.wilkinson@wellsfargo.com
or
Investors
Jim Rowe, 415-396-8216
Jim.Rowe@wellsfargo.com

Release Summary

Wells Fargo & Company (NYSE:WFC) announced today that Walter Dolhare and Robert Engel have been appointed as co-heads of Wells Fargo Securities (WFS), effective July 1.

Contacts

Wells Fargo & Company
Media
Elise Wilkinson, 704-374-6512
elise.wilkinson@wellsfargo.com
or
Investors
Jim Rowe, 415-396-8216
Jim.Rowe@wellsfargo.com