NEW YORK--()--Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company (NYSE: WFC), today announced that Jeff McGrath has joined the company as a managing director in the Industrials Investment Banking group. McGrath leads the Defense, Aerospace and Technology Services (DATS) team, and reports to John Church, head of Industrials.
“Jeff is highly respected in the industry, and his long-standing relationships and industry experience are great assets for Wells Fargo. Jeff and his team are all former Wachovia employees, so this is somewhat of a homecoming, and we look forward to leveraging their tremendous expertise on our platform.”
In addition to McGrath, a team of four supporting bankers and administrative personnel have joined the Industrials team, also focusing on the DATS sectors. All five team members come to Wells Fargo Securities from Sagent Advisors, and are based in Charlotte, N.C. The newcomers have joined the existing team of bankers focused on the sectors.
“Wells Fargo Securities is committed to investing in strong talent like Jeff and his team who support our continued growth and enhance our coverage offering for our clients,” said Church. “Jeff is highly respected in the industry, and his long-standing relationships and industry experience are great assets for Wells Fargo. Jeff and his team are all former Wachovia employees, so this is somewhat of a homecoming, and we look forward to leveraging their tremendous expertise on our platform.”
McGrath brings more than 20 years of investment banking experience to his new role in Wells Fargo Securities. Most recently, he was managing director and head of the DATS and IT Services & Outsourcing practices at Sagent Advisors. Prior to Sagent, McGrath was a managing director and head of the DATS Investment Banking group at Wachovia Securities. He spent 15 years with Wachovia Securities and its predecessor firm, First Union Securities, building an industry-leading advisory practice in the sectors. McGrath received a Bachelor of Business Administration degree in Finance and Economics from Baylor University.
About Wells Fargo Securities
Wells Fargo Securities delivers a comprehensive set of capital markets products and services to customers, including originating and distributing public debt and equity, hedging interest rates, commodity and equity risks, advising on mergers and acquisitions, and originating structured lending facilities and municipal bonds. The institutional capital markets business is comprised of more than 3500 team members in 40+ offices across the United States, Europe and Asia.
Wells Fargo Securities is the trade name for certain capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Securities, LLC, member NYSE, FINRA, NFA and SIPC, Wells Fargo Institutional Securities, LLC, member FINRA and SIPC, Wells Fargo Bank, National Association, Wells Fargo Securities International Limited (authorized by the U.K. FSA), Wells Fargo Securities Asia Limited (licensed by the HK SFC), and Wells Fargo Securities (Japan) Co., Ltd. (registered with the KLFB).
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 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 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.