Wells Fargo promotes two bankers in its securities unit

Wells Fargo Securities, the investment banking and capital markets arm of the San Francisco bank, on Monday named two bankers to lead the team that provides advice and capital-raising services to corporate clients.

As co-heads of investment banking coverage, John Hudson and Kristin Lesher will report to Walter Dolhare and Rob Engel, the Charlotte-based co-heads of Wells Fargo Securities. Hudson will be based in Charlotte, while Lesher, who had most recently been in Washington, D.C., will be based in New York.

Dolhare and Engel are remaking their team after taking on their current positions in July. They replaced Jonathan Weiss after he became head of the bank’s head of wealth and investment management.

Hudson and Lesher are veteran Wells Fargo bankers, with Hudson most recently serving as head of consumer, healthcare and gaming investment banking and Lesher serving as head of regional investment banking.

The investment banking coverage group has bankers who specialize in industries raging from health care to energy to telecommunications.

Wells Fargo Securities has about 5,000 employees worldwide, with the largest portion based in Charlotte, including those who work on a trading floor in the Duke Energy Center.

The unit has faced scrutiny in recent weeks after four bankers departed the bank amid an investigation involving a foreign exchange transaction. The Wall Street Journal has reported that federal prosecutors in San Francisco are investigating the matter.

This story was originally published November 13, 2017 at 11:27 AM with the headline "Wells Fargo promotes two bankers in its securities unit."