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Wells Fargo Expands Public Finance Group

To support the capital markets needs of government and institutional clients

Wells Fargo has expanded its public finance group by hiring three bankers to support the capital markets needs of government and institutional clients. Ronald Stack joins as managing director and head of the Northeast public finance team, Edward Boyles as a managing director and head of the Southeast public finance team, and Robert Hobson as a managing director reporting to Mr. Boyles.

According to the bank, Mr. Stack will lead the Northeast public finance team, which includes New England, New York, New Jersey, Connecticut, Pennsylvania, Delaware, Maryland and West Virginia. Mr. Boyles will lead the Southeast public finance team, which includes Virginia, the Carolinas, Georgia, Florida, Alabama, Mississippi and Tennessee. Mr. Hobson, along with fellow managing director Steve Schemmel, will focus on government and nonprofit entities in Virginia, Georgia, North Carolina and South Carolina.

Before joining Wells Fargo, Mr. Stack served as managing director and head of public finance for the past 10 years with Barclays Capital and Lehman Brothers. Mr. Boyles brings 23 years of experience serving government and nonprofit clients in the Southeast as an investment banker. Mr. Hobson worked for nine years as a senior municipal bond investment banker covering North Carolina and South Carolina.

Peter Hill, head of Wells Fargo Public Finance, said: “Wells Fargo has made a major commitment to the government and institutional space by supporting the expansion of our business with these key hires. Ronald, Edward and Robert are all well-known players in the public finance arena with strong track records of delivering success for their clients. I’m thrilled to have them aboard.”