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Elise Wilkinsonelise.wilkinson@wellsfargo.com704-374-6512
 Wells Fargo Securities Hires Investment Bankersfrom Citadel Securities as Part of a Mutual Agreement
 Experienced team with broad skills and deep relationships joinsgrowing investment bank
New York, NY, August 15, 2011
– Wells Fargo Securities, part of Wells Fargo & Company (NYSE: WFC), today announced an agreement with Citadel Securities under which Wells Fargo Securities hashired a team of approximately 25 investment banking professionals and related administrative staff fromCitadel Securities. The agreement also involves the transfer of Citadel Securities’ related investment banking business to Wells Fargo Securities.The newly hired team members are led by Brian Maier who joins Wells Fargo Securities as a ViceChairman in Client Coverage. Maier, most recently head of Investment Banking at Citadel Securities, hasspent his 26 year career in investment banking at Citadel, Merrill Lynch and Goldman Sachs. He is basedin New York and reports to Rob Engel and Jonathan Weiss, co-heads of Investment Banking at WellsFargo Securities.Maier is joined by the following senior bankers who are all Managing Directors based in New York:Stephen Gerson, who joins as a senior banker in the Financial Technologies practice reporting jointly to Jim Broner, head of Technology, Media and Telecom Investment Banking and ScottHeberton and Jim Sigman, co-heads of Financial Institutions Investment Banking Aviv Laurence, who joins as a senior banker in the Gaming and Leisure practice and reportsto John Hudson, head of Consumer, Healthcare and Gaming Investment BankingPaul Pepe, who leads a newly formed Corporate Finance team within Wells Fargo Securitiesand reports jointly to Engel and Weiss
 
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Stavros Tsibiridis, who joins the Mergers and Acquisitions group to lead the group’s efforts ina number of areas including its corporate defense advisory practice and reports to JohnLaughlin, head of Merger and Acquisitions“We are very pleased to welcome such an experienced and talented team of bankers to Wells FargoSecurities,” said Rob Engel, co-head of Investment Banking and Capital Markets. “These new additionscomplement our existing team, bringing added depth to specific industry sectors and increased advisory and capital markets product expertise where we have been looking to expand. They bring strong clientrelationships, highly seasoned execution experience and a compatible culture that fits with our growing business.”“Citadel has assembled a strong team of investment bankers with a solid array of skills andrelationships,” added Jonathan Weiss, co-head of Investment Banking and Capital Markets. “Theiraddition to Wells Fargo is consistent with our strategy to grow our business in a focused, disciplined andprofitable manner that provides excellent service and capabilities to our clients.”Citadel Securities and Wells Fargo Securities have agreed to work closely with existing clients to continueto execute on outstanding mandates, provide uninterrupted service and focus on clients’ needs. Wells Fargo Securities' Investment Banking & Capital Markets division offers full-service, market-leading investment banking, advisory and capital markets capabilities. Wells Fargo Securities continuesto successfully offer investment banking services and solutions to Wells Fargo’s broad and high-quality client base, resulting in domestic market share growth
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greater than any other investment bank on WallStreet in the first half of 2011.
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Source: Dealogic
CONFIDENTIAL DRAFT – Not for external distribution
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