Wells Fargo announced the formation of six distinct businesses within the Corporate & Investment Bank’s (CIB) Markets group. The leaders of each business line report directly to Mike Riley and Dan Thomas, co-heads of Markets.
“We are pleased to announce these organizational realignments, designed to better support the advancement of our strategic goals and enable the growth of our Markets business,” said Mike Riley.
Dan Thomas remarked: “We look forward to leveraging our competitive strengths to drive greater client relevance and increased market share by developing a more diversified set of products and capabilities across asset classes.”
Effective immediately, CIB’s Markets group consists of the following six business lines:
- Credit Sales & Trading, led by Thad Sharrett.
- Equities, co-led by Judith Barry, head of Equity Products Distribution, and D.J. Langis, head of Equity Products Trading.
- Foreign Exchange (FX), led by Mark Jones.
- Municipal Products Group, led by Chuck Peck.
- Rates, Commodities, & Credit Valuation Adjustment (CVA), led by Ben Bonner.
- Structured Products Group (SPG), co-led by Jennifer Doyle and Chris Pink.