Wells Fargo issued the following announcement on July 19.
Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that Mark Hebert has joined Wells Fargo as managing director and head of High Grade Trading. Based in Charlotte, Hebert will report to Thad Sharrett, head of Credit Sales & Trading. In addition, Justin Adams has joined the Credit Sales team as a managing director. Based in Charlotte, Adams will report to Steve Hollender, Head of High Grade Credit Sales.
“We are pleased to welcome Mark and Justin, two high caliber hires who join our Spread division at an optimal time,” commented Brian Farrell, head of Spread at Wells Fargo. “Both bring significant experience in the credit markets. Their industry relationships and expertise will serve us well as we continue our commitment to helping our clients and further bolstering our Credit Sales and Trading business.”
Hebert joins Wells Fargo following 14 years with Morgan Stanley where he was an executive director for Investment Grade Trading. He was responsible for trading investment grade credit, both cash bonds and credit default swaps covering healthcare, pharmaceuticals, food and beverage, retail, and consumer. Hebert received his Masters of Business Administration degree from Columbia University with a concentration in value investing and his Bachelor of Science degree in finance and marketing from Syracuse University.
Adams joins Wells Fargo following 15 years with Bank of America Merrill Lynch where he began his career in Hedge Fund Credit Sales. Previously, Adams was responsible for managing numerous client relationships, primarily hedge funds, across investment grade, high yield and distressed and structured credit. Adams received his Master of the Arts degree in Economics and his Bachelor of the Arts degree in Business Economics with Accounting from the University of California, Santa Barbara.
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