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: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.