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MarketScreener Homepage  >  Equities  >  Nyse  >  Wells Fargo & Company    WFC

WELLS FARGO & COMPANY

(WFC)
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Wells Fargo : Rick FlorJancic to Lead Midwest Investment Banking

01/08/2018 | 10:14am EDT

CHICAGO - Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Company (NYSE: WFC), announced today that Rick FlorJancic has joined as managing director and head of Midwest Investment Banking, which encompasses coverage for 10 states and 20 Wholesale Banking offices across the Midwest region. Based in Chicago, he will cultivate deep, local client relationships and manage key partnerships in several areas of the bank - including Middle Market Banking, Corporate Banking Group, Wealth & Investment Management and Capital Finance - to drive strong connections to best serve Wells Fargo's Midwest clients.

'With nearly 20 years of investment banking experience, a track record of performance and proven leadership, Rick joins a successful Midwest investment banking platform that is now ready to move toward the next stage of its growth and development,' said Kristin Lesher, co-head of Wells Fargo Securities' Investment Banking Coverage. 'I am pleased to have him lead this critical growth mandate for one of our fastest-growing regions alongside a highly skilled and well-recognized team of banking professionals. Rick brings a powerful combination of deep and local relationships, global banking experience and Midwestern roots that will bolster our regional investment banking coverage as well as Wells Fargo's Wholesale Banking franchise in the Midwest.'

FlorJancic joins Wells Fargo from J.P. Morgan Securities, where he was a managing director and most recently led regional investment banking coverage of the Midwest. Prior to that, he held a variety of investment banking roles, both domestically and in Europe, for J.P. Morgan and its predecessors, including more than 15 years in the investment banking coverage and mergers & acquisitions groups. FlorJancic has extensive experience advising senior management teams, boards of directors and private owners across a number of industry sectors including consumer, diversified industrial, healthcare, real estate, retail and technology. During his investment banking career, he has executed more than 100 transactions across a broad spectrum of products including sell-side and buy-side mergers and acquisitions, corporate defense, initial public offerings, follow-on offerings, leveraged buyouts and public and private debt financings in both the high-yield and investment-grade markets.

FlorJancic holds a Masters of Business Administration from the Kellogg School of Management at Northwestern University and a Bachelor of Science from the University of Colorado at Boulder.

Rob Biodrowski, a senior director in Midwest Regional Investment Banking, and the Chicago-based investment banking team will continue in their current roles and report to FlorJancic. Together, the team will continue to expand the investment banking franchise in the region, leveraging relationships across the bank in order to originate and execute capital markets and M&A transactions.

The Regional Investment Banking team of Wells Fargo Securities is strategically aligned across the bank's footprint across the U.S., serving middle market companies and financial sponsors with local and regional investment banking expertise and support.

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 Fargo's 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, insurance, investments, mortgage, and consumer and commercial finance through more than 8,400 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 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. 25 on Fortune's 2017 rankings of America's largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Wells Fargo & Company published this content on 08 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 January 2018 15:14:02 UTC.


© Publicnow 2018
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Financials (USD)
Sales 2021 70 377 M - -
Net income 2021 14 100 M - -
Net Debt 2021 - - -
P/E ratio 2021 12,0x
Yield 2021 1,21%
Capitalization 174 B 174 B -
Capi. / Sales 2021 2,47x
Capi. / Sales 2022 2,45x
Nbr of Employees 268 531
Free-Float 75,3%
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Number of Analysts 27
Average target price 43,30 $
Last Close Price 41,99 $
Spread / Highest target 26,2%
Spread / Average Target 3,12%
Spread / Lowest Target -28,6%
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Managers and Directors
NameTitle
Charles William Scharf President, Chief Executive Officer & Director
Michael Santomassimo Chief Financial Officer & Senior Executive VP
Charles H. Noski Chairman
Saul van Beurden Senior Executive VP & Head-Technology
Gary Owen Chief Information Security Officer
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