Wells Fargo Securities Hires John Jinishian as Head of West Coast Technology M&A

New Hire Will Enhance Wells Fargo’s Strong Technology Platform

SAN FRANCISCO - May 4, 2011

Wells Fargo Securities, part of Wells Fargo & Company (NYSE: WFC), today announced that John Jinishian has joined the firm as managing director and head of West Coast Technology Mergers & Acquisitions. Based in San Francisco, Jinishian is responsible for all West Coast technology M&A activity. He reports to John Laughlin, head of Mergers & Acquisitions, and will work closely with Gerry Walters, hired in 2010 as head of West Coast Technology Investment Banking. Jinishian’s hire is another step in the ongoing expansion of Wells Fargo Securities’ investment banking business and will strengthen the bank’s longstanding leadership in serving customers in the technology sector.

In a joint statement, Jonathan G. Weiss and Robert A. Engel, co-heads of Investment Banking and Capital Markets at Wells Fargo Securities, said, “We are delighted that John will be leading our West Coast technology M&A team. Over the course of his career, he has been a trusted advisor to dozens of technology companies across a range of industry subcategories. In addition to his deep knowledge and extensive client relationships, he has a proven track record of helping to grow investment banking franchises, so his leadership will be invaluable as we continue to build the Wells Fargo investment banking platform.”

Jinishian brings over 20 years of Investment Banking experience to his new position, with over 10 years based on the West Coast and focused exclusively on the technology sector. Prior to joining Wells Fargo Securities, he was co-head of Technology Investment Banking at Cantor Fitzgerald. From 1994 to 2008, he was at Citigroup (and its predecessor firm Salomon Brothers), where he was global head of Technology M&A. He began his investment banking career at Prudential-Bache Securities in New York City. He has an M.B.A from the Wharton School of Business and a B.S. in Business from the University of California, Berkeley.

From its base in San Francisco, Wells Fargo has been serving technology companies of all sizes for more than 20 years. Today, it maintains relationships with 65% of the “Silicon Valley 150” (an annual list produced by the San Jose Mercury News) and serves as primary bank to some of the most important technology companies in the world.

John Shrewsberry, head of Wells Fargo Securities, said, “The addition of John highlights the comprehensiveness of Wells Fargo’s technology offering and underscores our commitment to further expanding our capacity in this sector. Wells Fargo has a long history of serving technology companies, particularly on the West Coast, and our ongoing investment in the space will ensure that we continue to maintain and grow our relationships in the industry.”

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 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 280,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 19 on Fortune’s 2010 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.

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, and Wells Fargo Bank, National Association.