CHARLOTTE, N.C.--(EON: Enhanced Online News)--Wells Fargo Securities, part of Wells Fargo & Company (NYSE: WFC), today announced that Cronin McTigue has joined the firm as head of Liquid Products Sales & Trading within Wells Fargo Securities’ Fixed Income group. Based in Charlotte, McTigue will focus on developing trading and distribution capabilities in liquid products, such as treasuries, swaps and options, for the firm’s institutional investing clients. He will jointly report to Tim Mullins, head of Fixed Income Trading, and Walter Dolhare, head of Fixed Income Sales for Wells Fargo Securities.
“Broadening our rates risk management tools is an important step as we continue to build a full suite of capital markets solutions for our borrowing and investing clients.”
“Expanding our rates presence is the next step in strengthening our product offerings that support the risk management needs of our institutional clients,” said Mullins. “Cronin is an experienced leader who brings deep market experience and strong customer relationships to our platform.”
McTigue brings nearly 23 years of trading experience to his new position in Wells Fargo Securities. Since August 2010, McTigue traded U.S. Government Bonds at Citibank. Prior to that, he held several trading positions, most recently at Bank of America Merrill Lynch where he first led the Swaps Trading efforts and was later responsible for the U.S. Agency Desk. Prior to that, McTigue held several roles at Deutsche Bank, his last being Managing Director and head of the Swaps business. McTigue began his career at Chemical Bank in 1987 as an analyst on the Swaps Desk. He received his B.S. in business from Rutgers University and his M.B.A. in finance from New York University.
“Cronin’s hire is a great example of the strategic investments we continue to make to enhance our customer product offerings,” added John Shrewsberry, head of Wells Fargo Securities. “Broadening our rates risk management tools is an important step as we continue to build a full suite of capital markets solutions for our borrowing and investing clients.”
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 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 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With approximately 275,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.
About Wells Fargo Securities
Wells Fargo Securities delivers a comprehensive set of capital markets products and services to customers, including originating and distributing public debt and equity, hedging interest rates, commodity and equity risks, advising on mergers and acquisitions, and originating structured lending facilities and municipal bonds. The institutional capital markets business is comprised of more than 3400 team members in 40+ offices across the United States, Europe and Asia.
Wells Fargo Securities is the trade name for certain capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Securities, LLC, member FINRA and SIPC, Wells Fargo Bank, National Association, Wells Fargo Securities International Limited (authorized by the U.K. FSA), Wells Fargo Securities Asia Limited (licensed by the HK SFC), and Wells Fargo Securities (Japan) Co., Ltd. (registered with the KLFB).