March 25, 2009
Wells Fargo tabs Wachovia executives
Wells Fargo & Co. has gone to the Wachovia well again for executives to beef up the management of its investment banking and capital markets group.
The Charlotte (N.C.) Observer reported Wednesday that Wachovia executives have landed a majority of the dozen open posts in the San Francisco banking company's investment banking unit.
The executives report to Jonathan Weiss and Rob Engel, former Wachovia executives named to lead the unit in January.
The Observer said the moves further indicate Wells Fargo intends to remain in investment banking and capital markets businesses.
A Wells spokeswoman declined comment, the Observer said.