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Wells Fargo Securities Appoints Head of U.S. Large-Cap Bank Research

June 13, 2017, 08:01 AM

Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Company announced that industry veteran analyst Mike Mayo will join the Global Research, Economics & Strategy division on June 28 as managing director and head of U.S. Large-Cap Bank Research. He will be based in New York, reporting to Sam Pearlstein and Todd Wickwire, co-heads of Equity Research.

“Mike’s stature in the industry is well-recognized. We are thrilled to have such an influential voice in this critical sector join our growing platform,” said Diane Schumaker-Krieg, Global Head of Research, Economics & Strategy at Wells Fargo Securities. “We look forward to Mike collaborating with our existing financials research teams to bring unparalleled expertise to our clients around the globe.”

Mayo joins Wells Fargo from CLSA Americas, where he was a managing director and head of U.S. bank equity research. With over 25 years of experience, he is regarded as one of the leading voices in the bank research community. Mayo was the first analyst to testify on the causes of the financial crisis to the Financial Crisis Inquiry Commission, and the only Wall Street analyst to testify before the U.S. Congress for the passage of the Sarbanes-Oxley Act. In 2013, he was the sole recipient of the CFA Institute’s annual award for ethics and standards of practice, and in 2008, Fortune named him one of “Eight Who Saw the Crisis Coming.” His extensive background includes analyst positions at UBS, Lehman Brothers, Credit Suisse, Prudential and Deutsche Bank. Mayo began his career in 1988 as a bank analyst at the Federal Reserve in Washington, D.C.  He received a Bachelor of Science (magna cum laude) from the University of Maryland and a Masters of Business Administration from George Washington University.

“I’m excited by the opportunity to join the Wells Fargo research team,” said Mayo. “My team and I look forward to engaging with clients on the most important themes facing the banking sector and providing them with the independent commentary they have come to expect.”

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