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Bory to Join Wells Fargo Securities as Head of Credit Strategy Research

Newly created role will provide credit market investment strategy research to institutional clients

NEW YORK - August 1, 2012

Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company (NYSE: WFC), today announced that George Bory will join the firm as a managing director and head of Credit Strategy in its Research & Economics Department. In this newly created position, Bory will be responsible for establishing, publishing and marketing Wells Fargo’s views on the credit markets to the firm’s clients, as well as facilitating company-sponsored investor conferences and client forums. His initial focus will be on developing a suite of investment strategy research products for the High Grade and Cross-Over credit markets. Bory will report to Lee Brading, head of Credit Research at Wells Fargo, and will be based in New York and Charlotte.

“George is highly regarded in the investor community and brings 20 years of credit strategy and analysis experience to our platform,” said Diane Schumaker-Krieg, global head of Research & Economics at Wells Fargo. “George will partner with our sector analysts and with Sales & Trading to develop credit strategy products that are differentiated and uniquely targeted to our clients. Over time, George will broaden the scope of his credit strategy publications to include High Yield.”

Bory will join Wells Fargo Securities from UBS Securities, where he was the global head of Credit Strategy and a member of the firm’s Global Credit Risk Committee. Prior to UBS, Bory worked at J.P. Morgan Fleming Investment Management in various roles, rising to senior credit strategist and portfolio manager. Bory received his Bachelor of Science degree in Economics from Siena College and is a Chartered Financial Analyst.

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 3500 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 NYSE, FINRA, NFA and SIPC, Wells Fargo Institutional 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 (, and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With approximately 265,000 full-time equivalent team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.

Elise Wilkinson