Wells Fargo Names New Prime Brokerage Chief

Jun 5 2013 | 10:25am ET

Wells Fargo has nabbed a top Deutsche Bank prime brokerage executive as it seeks to build its own such business.

The San Francisco-based bank named Eamon McCooey head of prime services, it said yesterday. It also named Dan Thomas, its head of interest-rate and commodities sales, to lead its new client trade services group, which combines prime brokerage, over-the-counter clearing, futures clearing and execution, and funding and liquidity management. McCooey will report to Thomas.

McCooey was head of U.S. prime brokerage at Deutsche Bank, where he's worked for 13 years. He officially joins Wells Fargo in September, taking over from Stephan and Aaron Vermut, the founders of Merlin Securities, the boutique prime brokerage Wells bought last year. The Vermuts left the bank earlier this year.

"Eamon'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 organization,” said Thomas. “We are committed to our Prime Services business and look forward to the growth opportunities created by the addition of Eamon to our team.”


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of