1st office in Commonwealth for Higher Education
& Nonprofit; more depth for Transportation
Wells Fargo Securities, LLC (WFS), the capital markets and
investment banking business of Wells Fargo & Company
(NYSE:WFC), announced today that the Public Finance Investment
Banking group – among the top underwriters of negotiated new
issuance to government, education, nonprofits, and health care
organizations in the United States – added two managing directors.
Megan DeGrass joined the Higher Education & Nonprofit team and
is based in Boston. Evan Levine joined the Transportation group,
and he is based in New York.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20160629005325/en/
Megan DeGrass, managing director, Wells
Fargo Public Finance Investment Banking (Photo: Business Wire)
The Public Finance Investment Banking group is part of Wells
Fargo Government & Institutional Banking, a Wholesale Banking
business line.
The addition of DeGrass marks the first Wells Fargo Public
Finance office in the Commonwealth of Massachusetts. Most recently
a director with Raymond James and Associates, Inc., since 2008, she
brings 20 years of general municipal and higher education
experience in public finance and investment banking to Wells Fargo.
Prior to 2008, DeGrass worked for UBS Investment Bank. She
graduated from Simmons College, Boston.
Levine is an expert in transportation project finance and
federal transportation programs. He brings 13 years of experience
in transportation banking to Wells Fargo. Most recently, he was
executive director and head of surface transportation for the
Municipal Securities Division of Morgan Stanley. Before that,
Levine was a director for the Transportation Finance Group of
Citigroup’s Municipal Securities Division. He began his career with
J.P. Morgan Public Finance and graduated from Northwestern
University in Evanston, Illinois.
“We are excited to welcome Megan and Evan to Wells Fargo,” said
Peter Hill, managing director and head of U.S. Public Finance for
WFS. “Both are experienced, credentialed bankers who will add depth
and breadth to assist our customers.”
“Megan's in-depth higher education and general muni experience
will enable our Wells Fargo team to expand coverage in the
Commonwealth and regionally,” said Sally Bednar, WFS managing
director and co-head of Higher Education Public Finance
Banking.
“Evan’s experience and depth in transportation finance across
all modes of surface transportation broadens Wells Fargo’s coverage
of our clients nationally with an expanded focus on toll roads and
complex transportation projects,” said Nancy Feldman, WFS managing
director and head of Transportation Public Finance Banking.
About Public Finance Higher Education & Nonprofit
Wells Fargo is a leader in long-term higher education
underwriting. The WFS financing team works with colleges,
universities, and nonprofits. Wells Fargo is the No. 3 underwriter
of negotiated not-for-profit and higher education new issuance in
20151. WFS senior managed $3.48 billion in par in negotiated
not-for-profit and higher education issuance in 2015.
About Public Finance Transportation Finance
Wells Fargo is a leader in transportation underwriting. For
2015, the WFS financing team was the No. 5-ranked senior manager of
surface transportation debt, with more than $3.18 billion of
financings2.
Wells Fargo Public Finance’s distribution capabilities include
Wells Fargo Advisors, the third-largest retail network in the U.S.,
and a middle-market channel, unique in the industry. Public Finance
offices are located in Baltimore; Boston; Charlotte, North
Carolina; Chicago; Clearwater, Florida; Dallas; Denver; Houston;
Los Angeles; Minneapolis; New York; Philadelphia; Phoenix; St.
Louis; Salt Lake City; San Antonio; San Francisco; and Seattle.
About Wells Fargo Securities
WFS delivers a comprehensive set of capital markets 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 and municipal bond
origination. The institutional capital markets business is
comprised of more than 4,200 team members in 50-plus locations
across the U.S., Europe, and Asia.
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a diversified,
community-based financial services company with $1.8 trillion
in assets. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through 8,800 locations, 13,000
ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 36 countries to support customers who conduct business
in the global economy. With approximately 269,000 team members,
Wells Fargo serves one in three households in the United States.
Wells Fargo & Company was ranked No. 27 on Fortune’s 2016
rankings of America’s largest corporations. Wells Fargo’s vision is
to satisfy our customers’ financial needs and help them succeed
financially. Wells Fargo perspectives are also available at
Wells Fargo Blogs and Wells Fargo Stories.
1Represents senior managed negotiated new higher education &
nonprofit (other than healthcare) issues underwritten by Wells
Fargo Securities 1/1/2015 through 12/31/2015 excluding community
colleges and G.O. backed and including taxable higher education
transactions marketed with corporate CUSIP. Wells Fargo Securities
is the trade name for certain capital markets and investment
banking services of Wells Fargo & Company and its subsidiaries,
including Wells Fargo Securities, LLC, member NYSE, FINRA, and
SIPC, and Wells Fargo Bank, National Association.
2Source: Thomson Reuters SDC. True Economics to Bookrunner.
Represents combined negotiated and competitive municipal new issues
underwritten for 1/1/2015 to 12/31/2015 by WFS.
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version on businesswire.com: http://www.businesswire.com/news/home/20160629005325/en/
Wells Fargo & CompanyGabriel Boehmer,
503-784-5319gabriel.h.boehmer@wellsfargo.com@GabeBoehmerWF
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