Wells Fargo announced today that David Gillespie has been appointed head of Coverage for Corporate & Investment Banking (CIB), leading the organizations industry-focused and specialty practice groups, effective immediately. The Coverage group provides investment banking and traditional banking solutions to global corporate and institutional clients.
In addition, the company announced that John Hudson has been named vice chair, Chair of Client Origination, driving the development of marque relationships and boardroom dialogue with key corporate and investment banking clients and prospects.
Gillespie, based in Charlotte, will report directly to Walter Dolhare, Rob Engel and Lisa McGeough, co-heads of CIB, managing the coordination of all investment banking, corporate banking and credit and underwriting activities for the Coverage group of CIB “ Consumer & Retail; Energy & Power; Financial Institutions; Healthcare, Industrials; and Technology, Media & Telecom. Specialty practices include Corporate Finance; Gaming, Lodging & Leisure; Global Banking; and Regional Investment Banking.
Wells Fargo Corporate & Investment Banking has a significant opportunity ahead of us, given the footprint of our bank, our depth of talent, and strong record as the trusted advisor and leading provider of corporate and investment banking solutions to our clients, said Rob Engel. Davids appointment is the next step toward fully harnessing the power of our franchise, while accelerating the coordination already happening across our industry and product groups.
A 30-year Wells Fargo veteran, Gillespie brings both corporate and investment banking experience to his new role. For the last five years, he led the Healthcare Group within Corporate Banking, building it from inception to a thriving business, complementing the long-standing healthcare investment banking business. Prior to that, he spent nearly 20 years in the Debt Capital Markets group in Wells Fargo Securities, where he partnered to deliver all investment banking solutions to clients and was responsible for the origination and execution of high-yield bonds and syndicated loans.
David is a talented leader with a breadth of experience and expertise across banking, adds Lisa McGeough. We have built a strong bench of talented leaders within our platform to help drive the change we need to move forward. We have confidence in Davids ability to enhance our engagement with clients through a more coordinated execution of business strategies and capital deployment.
Hudson, an investment banking veteran with more than 30 years of experience across a variety of industries, will lead the strategy for executive-level client engagement, including the strategic deployment of the CIB vice chairs and other senior leaders across the CIB coverage industry teams. The vice chairs, a group of CIBs most experienced and seasoned bankers, will continue to report to Hudson, who will now report to the head of CIB Coverage.
We are also pleased to have John in the role of vice chair, Chair of Client Origination, added Engel. His experience driving leadership roles with clients and proven track record of building and developing relationships with key clients and teams internally, position him well for driving the CIB vision forward.
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 $1.9 trillion in assets. Wells Fargos vision is to satisfy our customers financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,800 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 37 countries and territories to support customers who conduct business in the global economy. With approximately 259,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortunes 2018 rankings of Americas largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Jessica Ong, 1-212-214-8242