Wells Fargo Securities Creates Markets Division

Wells Fargo Securities has announced the formation of a new Markets Division, which will combine and align Equity, Convertible and Fixed Income Sales and Trading; Commodities; Prime Services; and Futures Clearing under a common leadership structure.

Walter Dolhare and Tim Mullins have been named co-heads of the Markets Division, reporting to John Shrewsberry, head of Wells Fargo Securities.

'Our Equity and Fixed Income platforms have enjoyed significant momentum since the merger', said Shrewsberry. 'Our relevance with both issuing and investing clients has steadily grown as a result of our customer-focused business model, our broadened product capabilities, and the strength and stability of Wells Fargo. The creation of the Markets Division will allow us to serve our investing clients in a more coordinated fashion, manage risk more efficiently, and strengthen the partnerships that our trading and distribution groups have with our origination and research platforms'.

Dolhare and Mullins are the former co-heads of Wells Fargo Securities? Fixed Income Sales & Trading business. Dolhare joined Wells Fargo in 1995 and has served in a number of sales management positions at the firm. He was appointed head of Fixed Income Sales in 2004 and co-head of Fixed Income Sales & Trading earlier in 2012. Mullins joined Wells Fargo in 2002 and has held sales and trading leadership positions in Credit Products, Asset-Backed Finance, Rates and Commodities before being appointed head of Fixed Income Trading in 2009 and co-head of Fixed Income Sales & Trading earlier in 2012.

'Walter and Tim each have more than 20 years of experience in the capital markets', added Shrewsberry. 'They are proven leaders with deep client relationships, expertise in all of our markets businesses and a strong focus on risk management. Their demonstrated ability to work across asset classes with the goal of always finding the right financial solution for our clients makes them the ideal team to lead our Markets Division'.

In addition to the Markets Division, Wells Fargo Securities consists of the following businesses:

Asset-backed Finance & Securitization

Investment Banking & Capital Markets

Municipal Products

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Source: http://hereisthecity.com/2012/10/17/wells-fargo-securities-creates-markets-division/

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