Who did Wells Fargo hire to head M&A structuring?

Wells Fargo hired Derek Keller from UBS Group AG to serve as managing director and head of M&A structuring.

What is Derek Keller's previous experience?

Derek Keller previously worked at UBS Group AG as head of M&A structuring and was a managing director at Barclays Plc.

Why is Wells Fargo hiring prominent bankers?

The hiring of senior bankers like Derek Keller is part of Wells Fargo's strategy to establish a stronger presence on Wall Street under CEO Charlie Scharf.

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Wells Fargo Hires UBS M&A Chief

19 Mar

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Summary

Wells Fargo hired Derek Keller from UBS for M&A.
Keller previously led M&A structuring at UBS.
The move signals Wells Fargo's Wall Street ambitions.

Wells Fargo & Co. has significantly strengthened its corporate and investment banking division with the recruitment of Derek Keller from UBS Group AG. Keller joins Wells Fargo as a managing director and will lead the bank's M&A structuring efforts. He is set to be based in New York.

This strategic hire is a key component of Wells Fargo's broader ambition to enhance its standing and capabilities on Wall Street. Under the leadership of CEO Charlie Scharf and Fernando Rivas, the bank has been actively expanding its senior banking talent.

Keller brings extensive experience to his new role, having previously served as head of M&A structuring at UBS. Before his tenure at UBS, he held a managing director position at Barclays Plc. His notable advisory roles include assisting Exelon Corp. with its Constellation Energy Corp. spinoff and advising Marathon Petroleum Corp. on the sale of Speedway gas stations.

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