Wells Fargo announced last week the appointment of Jonathan G. Weiss to head Wells Fargo Securities, replacing John Shrewsberry, who was recently promoted to the position of CFO.
“We’re extremely fortunate to have such a strong management team with deep bench strength already in place at Wells Fargo Securities,” Tim Sloan, the new leader of wholesale banking at the company, said. “Jon has 34 years of experience across several financial services sectors, including investment banking, advisory, leveraged finance, loan syndications and international. In his new role, he will continue to lead our securities business on a path of disciplined, profitable growth in support of Wells Fargo’s valued corporate, middle market and institutional clients.”
Weiss most recently served as the co-head of investment banking and capital markets at Wells Fargo Securities along with Robert Engel. Weiss joined Wells Fargo—previously Wachovia—in 2005 and assumed his current responsibilities in 2008.
Before joining Wells Fargo, Weiss spent 25 years with JPMorgan and its predecessors. From 2000 to 2005, he led JPMorgan’s global financial sponsor business, before which he served as CEO of Chase Manhattan Asia.
He also led the retail industries group at Chemical Bank in New York from 1992 to 1996 and served as a senior partner in its loan syndications and acquisition finance groups. Weiss served as an assistant representative in Chemical Bank’s Mexico City office for four years.
“I’m excited to take on this new role and collaborate with a great team,” Weiss said. “The Wells Fargo Securities approach, which combines a long-term relationship focus, expert insight and advice, teamwork, and best in class execution, is a winning formula for our clients, team members and shareholders.”