Wells Fargo & Co. hired Kevin McQuilkin from Deutsche Bank AG to oversee mergers and acquisitions for industrial companies as the fourth-largest U.S. lender expands its investment bank.
McQuilkin, 50, joined in New York last month and was previously head of metals and mining investment banking at Deutsche Bank, San Francisco-based Wells Fargo said today in a statement.
Wells Fargo is bolstering the investment-banking unit acquired as part of the takeover of Wachovia Corp. in 2008. Former Chairman Richard Kovacevich said in a November 2009 speech at the Stanford Graduate School of Business that Wells Fargo's investment bank will be "in the top five within the next few years....
Read more at http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/07/05/bloomberg1376-LNVP5W0D9L3501-5RHGAI1966U5I04CH19FDO573T.DTL
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