In his new role, Seaton will seek to satisfy the capital markets financial needs of cities and counties as they deal with the current economic downturn. As part of the solutions they offer clients, his team will consider sustainable technology and help municipalities finance “green” public works projects. Seaton’s new role is an extension of Wells Fargo’s commitment to support and provide financing for environmentally beneficial business opportunities.
“Wayne brings a new environmental dimension to our national practice that can provide lasting benefit for our clients and communities,” said Peter Hill, head of Public Finance Investment Banking for Wells Fargo Securities. “We want to promote economic prosperity and a clean environment. When you combine Wayne’s expertise with our nationwide reach, this creates a powerful combination for our current and future clients.”
Before joining Wells Fargo, Seaton served for four years as head of public finance for M. R. Beal & Company in New York. He has 15 years of experience in public finance and municipal securities. Seaton holds a bachelor’s degree in sociology from Harvard University and a master’s in business administration in finance and international business from Columbia Business School.
With 175 associates in 20 offices on a combined basis among its affiliates, Wells Fargo’s Public Finance Investment Banking teams provide advisory services and municipal derivatives to government and institutional customers throughout the U.S. As of June 2009, the Wells Fargo affiliates that comprise its Municipal Products Group rank on a combined basis among the top 10 underwriters of municipal securities in the U.S., according to Securities Data Corp. Wells Fargo Securities is the trade name for certain capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wachovia Bank, National Association.
Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,400 stores, over 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.