The FINANCIAL — Wells Fargo Securities’ Global Research, Economics & Strategy division, part of the institutional capital markets business of Wells Fargo & Company, continues to gain momentum by investing in world-class talent and has earned top rankings in the nation’s most competitive industry surveys.
In the last two years, Wells Fargo Securities’ Global Research, Economics & Strategy division has aggressively invested in key sectors, adding 15 independent industry leaders:
Jim Birchenough, Biotechnology
Ike Boruchow, Retailing & Specialty Softlines
Sean Dargan, Life Insurance
Stephen East, Homebuilding
Don Fandetti, Specialty Finance
Vipul Jain, Residential Mortgage Backed Securities
Ed Kelly, Food/Staples Retail
Anthony Leung, Investment Grade Credit (Asia)
David Maris, Specialty Pharmaceuticals
Mike Mayo, U.S. Large-Cap Banks
Aaron Rakers, IT Hardware & Networking Equipment (joining October 10, 2017)
Mike Schumacher, Global Rate Strategy
Ken Sena, Internet
Matt Troy, Transportation
Phil Winslow, Software
“We are committed to recruiting top-ranked talent with deep knowledge of their industries,” said Diane Schumaker-Krieg, global head of Research, Economics & Strategy for Wells Fargo Securities. “We have made more investments in research in the past 18 months than ever before. While changes in regulations are causing many of our competitors to retrench, Wells Fargo Securities is laser-focused on providing clients with best in class content.”
Investments in the platform have contributed to many high-profile accolades, including a recent No. 1 ranking for the Equity Research team by Thomson Reuters in their 2017 Analyst Awards. Wells Fargo Securities earned 21 Analyst Awards, the highest among the 161 firms surveyed this year. These awards evaluate analysts based on the returns of their buy/sell recommendations and the accuracy of their earnings estimates.
Institutional Investor (II) recently ranked Wells Fargo Securities the No. 1 Investment Grade Research team for the sixth year in a row.
The Collateralized Loan Obligations team has been ranked No. 1 on II for five consecutive years.
Smith’s Research & Gradings has ranked Wells Fargo Securities the No. 1 Municipal Bond Research Team for the past four years.
“Wells Fargo Securities’ research analysts, strategists and economists are exceptionally well positioned to deliver differentiated insights on a myriad of companies, sectors and the broader economy. Our ongoing investment in talent and technology will allow us to continue producing cutting-edge, award-winning analysis that is most valued by our clients,” said Schumaker-Krieg.