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Wells Fargo hires Alexandra Barth for leveraged finance unit
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Wells Fargo hires Alexandra Barth for leveraged finance unit
Jul 9, 2024 7:27 AM

(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.

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