N@N

Wells Fargo Government & Institutional Banking Expands Municipal Credit Strategy Expertise

^{Published on 2010-05-20 07:10:29 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Wells Fargo (NYSE:WFC) continues to enhance the financial services it provides municipal issuers and investors by hiring Nancy Feldman as managing director and head of public finance credit strategies and Don Lipkin as managing director and desk credit analyst.

"Access to capital will be critical during this period, so wea™re adding Nancy and Don to our team to ensure we provide the best credit strategies for our clients."

In their roles within Government & Institutional Banking (GIB), Feldman and Lipkin will provide credit strategy and analysis to issuers and investors, respectively. Feldman will focus on strategies for municipal issuers to manage credit ratings, bond structure and execution options. Lipkin will provide credit and market analytical reports for the top institutional investors and support flow trading.

Both executives are based in New York City. Feldman will report to Peter Hill, head of Government & Institutional Bankinga™s public finance investment banking segment, and Lipkin will report to Martin Bingham, head of GIBa™s sales, trading and syndicate segment.

aThe next few years will be challenging for government and institutional entities as they experience the effects of the current recession,a said Phil Smith, head of Wells Fargo Government & Institutional Banking. aAccess to capital will be critical during this period, so wea™re adding Nancy and Don to our team to ensure we provide the best credit strategies for our clients.a

With over 25 years of financial services experience, Feldman joins Wells Fargo from the State of New Jersey, where she served for four years as the director of the Treasury Departmenta™s office of public finance. Prior to that, Feldman spent 12 years with Goldman Sachs & Co. and eight years with Standard & Poor's as a credit analyst. Feldman received her bachelor of arts in economics from State University of New York at Albany and a master of business administration from Baruch College.

Lipkin joins Wells Fargo from U.S. Trust, Bank of America Private Wealth Management, where he served for the last year as a managing director, senior research analyst and head of fixed income research. He has nearly 30 years of experience in the industry, including three years as head of municipal market strategy and credit analytics for Banc of America Securities and 14 years as co-head of municipal research at Bear Stearns & Co. Lipkin received a bachelor of arts from the State University of New York at Albany, a master of arts in English and American Literature from the University of Maryland and a master of business administration from the State University of New York at Albany.

Wells Fargo GIB provides a wide range of solutions to meet the unique needs of government, education, healthcare and not-for-profit organizations. Bringing together specialized banking teams, investment banking professionals and tax-exempt sales and distribution capabilities into one team, Wells Fargo GIB offers an integrated approach that leverages the resources of Wells Fargo to create value for approximately 5,000 clients. In addition to providing a world-class customer experience for our clients, GIB bankers are also committed to being good citizens, from charitable giving to volunteering to public service.

Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 10,000 stores and 12,000 ATMs and the Internet (wellsfargo.comand wachovia.com) across North America and internationally.