Wells Fargo Securities Expands Research Team with Five New Hires

New team members deepen and broaden Wells Fargo’s already strong sector expertise

NEW YORK - September 14, 2011

Wells Fargo Securities, part of Wells Fargo & Company (NYSE: WFC), today announced the addition of five analysts to its growing research team. New Equity Research hires include Peter Stabler in digital media and advertising; Chris Manuel in packaging; Cameron McKnight in gaming; and Frank Mitsch in chemicals. Additionally, George Huang was hired in Municipal Research to cover the healthcare sector.

Given the strength of the Wells Fargo platform and the firm’s commitment to the capital markets business, we have been able to attract top talent to the Research & Economics department,” said Diane Schumaker-Krieg, global head of Research & Economics at Wells Fargo. “Since 2009, we have hired a total of 26 analysts and currently have 86 senior researchers providing macro insight and coverage of nearly 2,000 securities across fixed income and equities. Our analysts make it a point to collaborate with each other across sectors and asset classes to offer clients a holistic view of the companies within our coverage universe -- an approach that sets us apart from our competitors.”

Joining the Wells Fargo Equity Research team and reporting to Sam Pearlstein and Todd Wickwire, Co-Heads of Equity Research are:

  • Peter Stabler, who joined the company in April as a director and senior analyst. Based in San Francisco, Stabler covers the Internet, digital media and advertising sectors, with a particular focus on small- and mid-cap Internet stocks. He joined Wells Fargo Securities after more than four years as a distinguished senior media analyst with Credit Suisse, where he covered advertising, media and the Internet. Before becoming a sell-side analyst, Stabler spent 18 years in the advertising industry.
  • Chris Manuel, who joined in August as a managing director and senior analyst. Based in Cleveland, Chris covers the packaging sector. Manuel joined Wells Fargo after spending more than a decade at KeyBanc Capital Markets, where he led KeyBanc’s highly regarded packaging research franchise for seven years. In May 2011, he was named #1 for earnings estimate accuracy in the containers & packaging sector by the Financial Times/Starmine. Prior to joining KeyBanc in 1999, Manuel spent several years in sales with Prudential Insurance & Financial Services.
  • Cameron McKnight, who joined in July as a director and senior analyst. Based in New York, McKnight covers the gaming sector. He joined Wells Fargo after spending several years leading gaming research at The Buckingham Research Group. Prior to that, he spent the better part of the past decade with JP Morgan. McKnight was a senior gaming analyst in the Equity Research department at JP Morgan in New York and, prior to relocating to the United States in 2007, he was JP Morgan’s senior gaming analyst in Australia.
  • Frank Mitsch, who joined Wells Fargo in May as a managing director and senior analyst. Based in New York, Mitsch’s coverage includes the commodity, specialty, and agricultural chemicals sectors. He joined Wells Fargo Securities from BB&T Capital Markets and has covered the chemicals space for more than 15 years. Mitsch began his career as a chemicals consultant with Kline & Company, an international management consulting firm, where he advised both US and European clients.

Joining the Wells Fargo Municipal Bond Research team and reporting to Natalie Cohen, head of Municipal Bond research is:

  • George Huang, who joined Wells Fargo Securities in August as a director and senior analyst. Based in New York, Huang focuses on healthcare sector research. He joined Wells Fargo from Assured Guaranty. Prior to that, Huang covered public power and transportation in the municipal market at Mizuho Corporate Bank, Ltd., and at Moody’s Investors Service, Inc.

Wells Fargo’s Research team has received many accolades over the past year, a testament to their expertise. Most recently, the firm earned a #5 weighted ranking in Institutional Investor’s annual All-America Fixed-Income Research survey. Wells Fargo also ranked #5 among 196 firms in the Wall Street Journal’s 2011 stock picking survey, and ranked #2 in large cap stock picking in 2010 (StarMine). Since January 2010, Wells Fargo’s Research team has hosted 14 investor conferences, featuring 1,000 presenting companies and 10,000 one-on-one meetings.

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

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.

Shelley Beason