Tim O’Hara will join Corporate & Investment Bank as Head of Banking Operations; Rob Engel named President of Banking
SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced that Tim O’Hara will join Corporate & Investment Bank (CIB) on May 9 as Head of Banking Operations. In this role, Tim will lead the origination and execution of corporate and investment banking within CIB’s banking division, which includes sector, regional and specialist coverage, equity and debt markets. , mergers and acquisitions, corporate lending, portfolio management and cash management. Tim joins Wells Fargo from BlackRock where he served as Global Co-Head of Credit since 2017. Prior to that, Tim spent 28 years at Credit Suisse AG. He will report to Jon Weiss, CEO of Corporate & Investment Bank.
“Tim has built an impressive career at two of the biggest companies in our industry and he brings the leadership skills, business acumen, industry knowledge and ambitious vision to lead our company into the future,” said Weiss. “I look forward to leveraging his expertise and knowledge to maximize our potential and achieve even greater partnership and strategic dialogue with our corporate and institutional clients. »
Rob Engel, who has led banking since 2014 and joined the company in 2005, will assume the new role of president of banking. He will report to Tim and remain a member of the CIB Operating Committee.
Weiss added: “Rob has been a trusted colleague and partner to many clients and fellow bankers, and we are fortunate to continue to tap into his energy, experience and expertise in engaging with many of our clients. more important. He is a tremendous leader and strategic thinker and will be a critical part of our continued success in his new role as President of Banking Services.
At BlackRock, Tim has spent the past five years implementing the growth of the firm’s alternative asset investment business and he has also helped develop the firm’s private capital markets capabilities. Tim helped grow BlackRock Alternative Investors’ global credit business to over $170 billion in assets under management. He has also served on several management and investment committees, including the Executive Committee of BlackRock Alternative Investors, BlackRock’s Global Operating Committee, Global Human Capital Committee and Investment Committees for, among other investment strategies. investment, direct lending, opportunistic credit and private equity.
Prior to BlackRock, Tim spent three decades at Credit Suisse, where he held various management positions, culminating in his role as Managing Director and CEO of Credit Suisse Global Markets. In this role, he led the Global Markets business, across all international regions, and served client needs at the highest level, while driving profitable growth and increasing market share. He has also held the following positions: President and CEO of Credit Suisse Holdings USA, Global Co-Head of Investment Banking, Head of Fixed Income, North America, Global Head of Equities, Global Head of credit products and responsible for leveraged finance.
Tim serves on the board of directors of the University of Virginia Investment Management Company (UVIMCO), which oversees the University of Virginia’s endowment. He is also a member of the board of trustees of the University of Virginia College foundation and co-leads the foundation’s New York board. Tim is a former member of the board of directors of the Securities Industry and Financial Markets Association (SIFMA), where he also served as a member of the executive committee of the board of directors, and he was a member of the board of directors of the Credit Switzerland Americas Foundation and the Credit Suisse AG Foundation.
Tim is a graduate of the University of Virginia and holds an MBA from the Wharton School of Business at the University of Pennsylvania.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company with approximately $1.9 trillion in assets, proudly serves one in three American households and more than 10% of small businesses in the United States , and is a leading provider of middle market banking services. in the United States We offer a diverse set of banking, investment and mortgage products and services, as well as consumer and commercial finance services, through our four reportable operating segments: Consumer and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Management. Wells Fargo ranked No. 37 in Fortune’s 2021 ranking of America’s largest companies. In the communities we serve, the company focuses its social impact on building a sustainable and inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy. carbon. Wells Fargo news, insights and insights are also available at Wells Fargo Stories.
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Press release category: WF-LO