News
Wells Fargo Hires Alexandra Barth for Leveraged Finance Unit
(Reuters) – Wells Fargo & Co said on Tuesday it has named Alexandra Barth as co-head of its leveraged finance business, bolstering the lender’s ranks as it seeks to expand its investment banking operations.
Wells Fargo has made a slew of hires for its corporate and investment banking unit, which provides trading, lending and other markets-focused services. The bank has added more than 50 senior bankers and traders since 2020.
While historically focused on its retail and business clients, Wells Fargo has sought to gain a stronger foothold in the investment banking sector in recent years.
Most recently, Barth was co-head of leveraged finance at Deutsche Bank, where he spent nearly 25 years.
She will lead Wells Fargo’s leveraged finance team alongside Trip Morris and report to Tim O’Hara, head of banking.
Leveraged loans are targeted at companies looking to make an acquisition or that have a high debt burden.
(Reporting by Niket Nishant in Bengaluru; Editing by Krishna Chandra Eluri)