Mike Mayo to Join Wells Fargo Securities’ Equity Research Team

Veteran bank equity analyst to lead coverage of U.S. Large-Cap Banks

NEW YORK--()--Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Company (NYSE:WFC), announced today that industry veteran analyst Mike Mayo will join the Global Research, Economics & Strategy division on June 28 as managing director and head of U.S. Large-Cap Bank Research. He will be based in New York, reporting to Sam Pearlstein and Todd Wickwire, co-heads of Equity Research.

Mike’s stature in the industry is well-recognized. We are thrilled to have such an influential voice in this critical sector join our growing platform,” said Diane Schumaker-Krieg, Global Head of Research, Economics & Strategy at Wells Fargo Securities. “We look forward to Mike collaborating with our existing financials research teams to bring unparalleled expertise to our clients around the globe.”

Mayo joins Wells Fargo from CLSA Americas, where he was a managing director and head of U.S. bank equity research. With over 25 years of experience, he is regarded as one of the leading voices in the bank research community. Mayo was the first analyst to testify on the causes of the financial crisis to the Financial Crisis Inquiry Commission, and the only Wall Street analyst to testify before the U.S. Congress for the passage of the Sarbanes-Oxley Act. In 2013, he was the sole recipient of the CFA Institute’s annual award for ethics and standards of practice, and in 2008, Fortune named him one of “Eight Who Saw the Crisis Coming.” His extensive background includes analyst positions at UBS, Lehman Brothers, Credit Suisse, Prudential and Deutsche Bank. Mayo began his career in 1988 as a bank analyst at the Federal Reserve in Washington, D.C. He received a Bachelor of Science (magna cum laude) from the University of Maryland and a Masters of Business Administration from George Washington University.

I’m excited by the opportunity to join the Wells Fargo research team,” said Mayo. “My team and I look forward to engaging with clients on the most important themes facing the banking sector and providing them with the independent commentary they have come to expect.”

About Wells Fargo Securities

Wells Fargo Securities delivers a comprehensive set of capital markets products and services, including public debt and equity origination and distribution, investment research, interest rate, commodity and equity risk hedging, mergers and acquisitions advice, prime services, structured lending facilities and municipal bond origination. The institutional capital markets business is comprised of more than 4,200 team members in 50+ locations across the U.S., Europe and Asia.

About Wells Fargo

Wells Fargo & Company (NYSE:WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

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Jessica Ong, 212-214-8242
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