Wachovia Businesses Rebranded As Wells Fargo Securities

Fargo & Co. says its investment banking and capital markets businesses formerly operating under the Wachovia Securities and certain Wells Fargo brands will now operate under the brand Wells Fargo Securities. The new Wells Fargo Securities brand will bring together the firm's businesses in debt and equity underwriting, mergers and acquisitions, loan syndications, debt and equity sales and trading, tax-exempt products, research and economics, and certain hedging products, such as equity derivatives. As part of the brand change, Barrington Associates, Wells Fargo's middle market mergers and acquisitions advisory division, will begin to operate exclusively under the Wells Fargo Securities brand. Eastdil Secured, Wells Fargo's provider of real estate capital markets services, will continue to operate under its existing name and will offer securities products through Wells Fargo Securities. "Clearly one of the great benefits of the Wachovia merger was the strong investment banking and capital markets platform that we gained," said Wells Fargo President and CEO John Stumpf in an announcement. "We plan to build on those strengths to grow and invest in the business as we continue to satisfy all of our customers' financial needs." SOURCE: Well


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