July 9 (Reuters) - Wells Fargo ( WFC ) said on Tuesday
it has named Alexandra Barth as the co-head of its leveraged
finance business, beefing up the lender's ranks as it looks to
expand its investment banking operations.
Wells Fargo ( WFC ) has made a string of hires to its corporate and
investment banking unit, which provides trading, lending and
other markets-focused services. The bank has added over 50
senior bankers and traders since 2020.
While historically focused on its retail and business
customers, Wells Fargo ( WFC ) has been looking to gain a stronger
foothold in investment banking in the last few years.
Barth was most recently co-leading leveraged finance at
Deutsche Bank, where she spent nearly 25 years.
She will lead Wells Fargo's ( WFC ) leveraged finance team alongside
Trip Morris and report to Tim O'Hara, the head of banking.
Leveraged loans are targeted at companies looking to do an
acquisition, or those that have a high debt load.