In a significant move, Wells Fargo & Co. (NYSE: WFC ) announced on Tuesday the appointment of Jill Ford (NYSE: F ), a seasoned banker from Credit Suisse, as the head of equity capital markets in its Corporate & Investment Bank (CIB). Ford will be reporting to Tim O'Hara, the head of banking, and will be operating from the bank's New York City office.
Ford brings over 30 years of investment banking experience to her new role at Wells Fargo. Her most recent role was as co-head of Equity Capital Markets Americas at Credit Suisse. In addition to this, Ford also served as co-chair of the equity valuation committee at Credit Suisse.
Earlier this year, UBS Group AG (SIX: UBSG ) (SWX:UBS) acquired Credit Suisse in a rescue deal worth $3.2 billion. Following the acquisition, UBS announced plans to lay off 35,000 people. The appointment of Ford at Wells Fargo comes in the wake of these significant changes in the banking landscape.
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