NEW YORK - February 27, 2012
Wells Fargo Securities, part of Wells Fargo & Company (NYSE: WFC), today announced that Eric Fornell has joined the company as Vice Chairman in the energy and power sector of its Investment Banking and Capital Markets division. Fornell will provide advice and expertise to clients in the power industry as well as the broader energy space with emphasis on mid-stream companies. He is based in New York and reports jointly to Rob Engel and Jonathan Weiss, co-heads of Investment Banking and Capital Markets.
“Eric is a great addition to our energy and power investment banking team,” said Weiss. “He brings strong industry knowledge and long-standing customer relationships to our platform. Eric’s addition is part of our steady, consistent focus on providing our clients with deep industry content and trusted advice.”
“We are excited to have Eric join our team,” added Engel. “He brings more than 30 years of well-rounded experience in banking, M&A and equities, with a direct focus on the energy and power sector. Eric is also a great cultural fit for our team, and his leadership will be invaluable as we continue to provide expert advice and execution for our clients.”
Fornell’s career spans more than three decades in the energy and power sectors. Prior to joining Wells Fargo, he held several leadership positions at JPMorgan Chase, most recently Vice Chairman in investment banking with responsibility for senior client coverage of companies and private equity firms in the energy, utility and pipeline sectors. He also initiated and led the firm’s MLP practice. Prior to JPMorgan Chase, Fornell worked as a managing director in investment banking at Goldman Sachs & Co., where he managed power and pipeline clients, and president of CMS Enterprises Company, where he managed oil and gas exploration and production, gas gathering and marketing, and renewable energy efforts. He received his B.A. from Amherst College and studied philosophy, politics and economics at Oxford University as a Rhodes Scholar.
About Wells Fargo Securities
Wells Fargo Securities delivers a comprehensive set of capital markets products and services to customers, including originating and distributing public debt and equity, hedging interest rates, commodity and equity risks, advising on mergers and acquisitions, and originating structured lending facilities and municipal bonds. The institutional capital markets business is comprised of more than 3400 team members in 40+ offices across the United States, Europe and Asia.
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, Wells Fargo Bank, National Association, Wells Fargo Securities International Limited (authorized by the U.K. FSA), Wells Fargo Securities Asia Limited (licensed by the HK SFC), and Wells Fargo Securities (Japan) Co., Ltd. (registered with the KLFB).
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 other distribution channels across North America and internationally. With more than 272,000 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.