Wells Fargo Securities, part of Wells Fargo, has hired six senior investment bankers into its investment banking and capital markets division.
The banking group has appointed Shawn Cross as new managing director, Healthcare. He will be based in San Francisco and will report to John Hudson head of the consumer, healthcare & gaming investment banking group.
Cross will join Wells Fargo to lead its BioPharma effort and brings knowledge of the healthcare industry that includes over 14 years of experience in healthcare investment banking with firms such as Alex. Brown & Sons, Deutsche Bank Securities, Thomas Weisel Partners and Burrill & Company.
Adam DeGarmo has been appointed as new managing director for Industrials (specializing in Chemicals) and he will be based in New York City and will reports to John Church, head of Industrials.
DeGarmo will join Wells Fargo with 19 years of investment banking experience from JP Morgan Chase and its predecessor organizations, where he last served as a managing director in JP Morgan’s chemical industry coverage group.
Shane Goodwin as managing director for Middle Market Banking Group (head of Southwest region) and he will be based in Dallas and will report to Sam Farnham, head of Middle Market Banking.
Goodwin has 18 years of M&A, corporate finance and principal investing experience at Wall Street firms including Goldman, Sachs & Co, Citigroup/Salomon Brothers and Donaldson, Lufkin & Jenrette (DLI).
John Fowler as vice chairman of Healthcare Investment Banking. Fowler will be based in New York City and will report to John Hudson, head of the consumer, healthcare & gaming investment banking group.
Fowler has over 20 years of investment banking experience and most recently served as vice chairman and head of European Healthcare at Deutsche Bank. Prior roles include head of the Healthcare Group at Salomon Brothers and head of Healthcare Services at JP Morgan. Fowler also spent several years working in the healthcare industry.
Tim Schar as managing director of Equity Capital Markets (specializing in technology, media and telecom) and he will be based in San Francisco and will report to Andy Sanford, head of Equity Capital Markets.
Schar will join Wells Fargo from ServiceSource, where he served as vice president of finance and interim CFO. He has 18 years of investment banking experience, most recently at Credit Suisse as managing director of Global Markets Solutions and Equity-Linked Products, and also five years at Wachovia Securities as head of Convertible and Equity Derivatives Origination.
Gerry Walters as managing director and head of West Coast Technology. Walters will be based in San Francisco and will report to Jim Broner, head of the technology, media & telecom investment banking group.
Walters will join Wells Fargo from Oppenheimer, where he served as managing director, head of internet and digital media. Prior to Oppenheimer, he worked at JP Morgan from 1999, where he last served as managing director and head of Internet and Digital Media Group providing advisory, equity, equity-linked and debt-financing services to clients. Walters had previously worked as an attorney in private practice.
Investment Banking and Capital Markets co-head Jonathan Weiss said that these bankers bring strong client relationships and specialized industry expertise that will support the continued growth of business.