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Wells Fargo hires ex-JPMorgan investment bank boss Fernando Rivas

San Francisco lender is focused on expanding its relatively small investment bank

Wells Fargo has over the past few years tried to expand its dealmaking and trading operation.
Wells Fargo has over the past few years tried to expand its dealmaking and trading operation. Photo: Angus Mordant/Bloomberg News

Wells Fargo is hiring the former JPMorgan Chase executive Fernando Rivas, in a bid by the San Francisco lender to build out its relatively small Wall Street businesses.

Rivas will run Wells Fargo’s corporate and investment bank alongside Jon Weiss, another JPMorgan veteran, bank officials told The Wall Street Journal. JPMorgan said last year that Rivas would leave after nearly three decades there, most recently as head of North American investment banking. 

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