CHARLOTTE, N.C.--(BUSINESS WIRE)--Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Company (NYSE: WFC), announced today that John Hudson and Kristin Lesher have been named the new co-heads of Investment Banking Coverage, effective immediately. Both will report to Walter Dolhare and Rob Engel, co-heads of Wells Fargo Securities.
Hudson and Lesher are senior bankers within Wells Fargo Securities, with Hudson serving most recently as head of Consumer, Healthcare and Gaming Investment Banking, and Lesher as head of Regional Investment Banking. In their new roles, they will oversee the teams providing advisory and capital-raising solutions for corporate, financial sponsors and commercial clients in coordination with other businesses across Wells Fargo. The Investment Banking Coverage group today consists of industry and specialty coverage groups such as Consumer, Retail, Healthcare & Gaming; Energy & Power; Financial Institutions; Industrials; Real Estate; Technology, Media & Telecom; Financial Sponsors; and Regional Investment Banking.
“With a combined tenure of more than 45 years in investment banking, John and Kristin have proven that they can build strong teams, deliver strategic financial solutions and advice to clients, establish successful partnerships across the bank and lead in a manner consistent with our culture,” said Engel. “They have worked closely together as leaders for two of our important coverage businesses, and they bring complementary skillsets and experiences to their roles as new co-heads.”
Hudson, who will remain in Charlotte, has been with Wells Fargo Securities since 1998 having joined a predecessor firm, Bowles Hollowell Conner & Co. Previously he worked at Salomon Smith Barney (now Citigroup) and Kidder Peabody & Co in New York. Over his 28-year career in investment banking, Hudson has completed more than 300 advisory, equity financing and debt financing transactions on behalf of a diverse client base. He earned a B.S. from Washington & Lee University and an M.B.A. from the Columbia University Graduate School of Business.
Lesher, who will be based in New York, has been with Wells Fargo since 2000, joining Wells Fargo Securities in 2010. She has nearly 20 years of investment banking experience originating and executing a broad range of transactions including buy-side, sell-side, and joint venture assignments, as well as equity and debt transactions. Previously Lesher was a senior member of Wells Fargo’s Treasury group and also worked in Wells Fargo Corporate Development, where she was responsible for acquisitions and divestitures. She also worked in Wells Fargo’s Mergers and Acquisitions group. Lesher earned a B.A. from Duke University and an M.B.A. from Northwestern University’s Kellogg Graduate School of Management.
“John and Kristin highlight our commitment to ensuring that we are aligned to provide the right capabilities and structure for our clients and even better positioned to execute on growth opportunities and efficiencies across the platform,” Dolhare said. “We are excited about the possibilities this coverage model presents for our team, our partners and our clients.”
In addition to assuming their new leadership roles, Hudson and Lesher will continue to oversee their respective coverage areas until their successors are named.
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. The institutional capital markets business is comprised of more than 4,200 team members in 50+ locations across the U.S., 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. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries and territories to support customers who conduct business in the global economy. With approximately 268,000 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. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.