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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note