Mark Hebert and Justin Adams join Wells Fargo Corporate & Investment Banking

Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that Mark Hebert has joined Wells Fargo as managing director and head of High Grade Trading. Based in Charlotte, Hebert will report to Thad Sharrett, head of Credit Sales & Trading. In addition, Justin Adams has joined the Credit Sales team as a managing director. Based in Charlotte, Adams will report to Steve Hollender, Head of High Grade Credit Sales.

“We are pleased to welcome Mark and Justin, two high caliber hires who join our Spread division at an optimal time,” commented Brian Farrell, head of Spread at Wells Fargo. “Both bring significant experience in the credit markets. Their industry relationships and expertise will serve us well as we continue our commitment to helping our clients and further bolstering our Credit Sales and Trading business.”

Hebert joins Wells Fargo following 14 years with Morgan Stanley where he was an executive director for Investment Grade Trading. He was responsible for trading investment grade credit, both cash bonds and credit default swaps covering healthcare, pharmaceuticals, food and beverage, retail, and consumer. Hebert received his Masters of Business Administration degree from Columbia University with a concentration in value investing and his Bachelor of Science degree in finance and marketing from Syracuse University.

Adams joins Wells Fargo following 15 years with Bank of America Merrill Lynch where he began his career in Hedge Fund Credit Sales. Previously, Adams was responsible for managing numerous client relationships, primarily hedge funds, across investment grade, high yield and distressed and structured credit. Adams received his Master of the Arts degree in Economics and his Bachelor of the Arts degree in Business Economics with Accounting from the University of California, Santa Barbara.

Wells Fargo Corporate & Investment Banking’s Spread division is primarily focused on the distribution of its clients’ fixed income securities. In addition, it provides liquidity to secondary market customers in the form of market making, sales and trading, and research support. The Spread division is comprised of Credit Sales and Trading, Asset Backed Finance Sales and Trading, Municipal Products and Fixed Income Research.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,600 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Cautionary Statement about Forward-Looking Statements

This news release contains forward-looking statements about our future financial performance and business. Because forward-looking statements are based on our current expectations and assumptions regarding the future, they are subject to inherent risks and uncertainties. Do not unduly rely on forward-looking statements as actual results could differ materially from expectations. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date. For information about factors that could cause actual results to differ materially from our expectations, refer to our reports filed with the Securities and Exchange Commission, including the “Forward-Looking Statements” discussion in Wells Fargo’s most recent Quarterly Report on Form 10-Q as well as to Wells Fargo’s other reports filed with the Securities and Exchange Commission, including the discussion under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2017, available on its website at www.sec.gov.