Wells Fargo recruits for new client trade services group
05 June 2013 Charlotte
Image: Shutterstock
Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company, has announced the formation of a new client trade services group within Wells Fargo Securities’ Markets division.
Client trade services will consist of prime services, OTC clearing, futures clearing and execution, and funding and liquidity management.
Dan Thomas, a senior leader at Wells Fargo, has been named head of client trade services. He will report to Tim Mullins and Walter Dolhare, co-heads of the markets division.
Dolhare said: “As the market structure for fixed income and equity products evolves, we have created a coordinated and product-agnostic approach to help our clients manage their funding, collateral and technology needs.”
“Under Thomas’s leadership, our new client trade services group will allow us to efficiently manage risk and compete successfully in an evolving marketplace.”
Wells Fargo Securities has also named Eamon McCooey as head of prime services. He will be based in New York and report to Thomas.
McCooey previously spent 13 years at Deutsche Bank, serving most recently as head of US prime brokerage. He has also held senior financial positions at Canadian Imperial Bank of Commerce and Kidder, Peabody & Company.
Commenting on the appointment, Thomas said: "McCooey’s extensive knowledge of the prime brokerage industry combined with his proven ability to lead and grow a business makes him an ideal fit for our organisation.”
“We are committed to our prime services business and look forward to the growth opportunities created by the addition of McCooey to our team.”
Client trade services will consist of prime services, OTC clearing, futures clearing and execution, and funding and liquidity management.
Dan Thomas, a senior leader at Wells Fargo, has been named head of client trade services. He will report to Tim Mullins and Walter Dolhare, co-heads of the markets division.
Dolhare said: “As the market structure for fixed income and equity products evolves, we have created a coordinated and product-agnostic approach to help our clients manage their funding, collateral and technology needs.”
“Under Thomas’s leadership, our new client trade services group will allow us to efficiently manage risk and compete successfully in an evolving marketplace.”
Wells Fargo Securities has also named Eamon McCooey as head of prime services. He will be based in New York and report to Thomas.
McCooey previously spent 13 years at Deutsche Bank, serving most recently as head of US prime brokerage. He has also held senior financial positions at Canadian Imperial Bank of Commerce and Kidder, Peabody & Company.
Commenting on the appointment, Thomas said: "McCooey’s extensive knowledge of the prime brokerage industry combined with his proven ability to lead and grow a business makes him an ideal fit for our organisation.”
“We are committed to our prime services business and look forward to the growth opportunities created by the addition of McCooey to our team.”
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