Wells Fargo

375 Park Ave
New York
NY 10152
USA

Contact
Robert Sackett, Managing Director, Head of Securities Lending


Telephone
+1 212 214 6033


Email
robert.sackett@wellsfargo.com


Website
www.wellsfargo.com/prime
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,800 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
Wells Fargo Interview archive
Featured on Securities Lending Times
Robert Sackett
Wells Fargo Securities
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Wells Fargo Securities is reinvigorating its securities finance system with fresh talent, and it’s looking for new growth opportunities. Robert Sackett explains
Dan Thomas
Wells Fargo Securities
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Wells Fargo Securities formed a new client trade services group within its markets division, specialising in prime services and OTC clearing. SLT talks to the new head of the group, Dan Thomas, about its creation
Wells Fargo News archive
Featured on Securities Lending Times
Broadridge welcomes Abric and Price
23 January 2017 | New York | Reporter: Drew Nicol
Broadridge has expanded its securities finance team with the addition of Wells Fargo’s Peter Abric and FIS’s Thomas Price...
Reyes to lead Wells Fargo’s EMEA business
13 June 2016 | London | Reporter: Drew Nicol
Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company, has appointed Alicia Reyes as head of Europe, the Middle East and Africa...
Wells Fargo becomes New York Fed primary dealer
20 April 2016 | New York | Reporter: Drew Nicol
Wells Fargo Securities is set to become a primary dealer for the Federal Reserve Bank of New York...
Chanod seeks new opportunities with Wells Fargo
04 September 2015 | New York | Reporter: Drew Nicol
Chris Chanod, formally of PrimeOne Solutions, has taken on a new role as director for prime services sales at Wells Fargo...
Wells Fargo confirms Sackett hire
01 July 2015 | New York | Reporter: Mark Dugdale
Wells Fargo Securities has confirmed that Robert Sackett has joined its prime services division as managing director and head of securities lending...
Robert Sackett heads to Wells Fargo
15 April 2015 | New York | Reporter: Mark Dugdale
Robert Sackett is joining Wells Fargo Prime Services as head of securities lending...
Wells Fargo add three directors
03 March 2015 | New York | Reporter: Becky Butcher
Wells Fargo Securities has added three directors to its prime services sales and capital introduction groups...
Wells Fargo adds pair to prime
03 February 2015 | New York | Reporter: Becky Butcher
Wells Fargo Securities has added Wendy Beer and George Jamgochian as directors in its prime services businesses. They will be based in New York...
Blue Cross fails with new trial motion
06 October 2014 | Minnesota | Reporter: Mark Dugdale
Health plan provider Blue Cross’s request for a new trial in its case against Wells Fargo has been rejected...
Wells Fargo settles class action for $62.5 million
19 August 2014 | Michigan | Reporter: Stephen Durham
The US District Court, District of Minnesota has granted final approval of a $62.5 million settlement in a class action against Wells Fargo Bank on behalf of participants in the bank’s securities lending programme...
FINRA okays Wells Fargo's self-clearing prime product
14 August 2014 | New York | Reporter: Mark Dugdale
Wells Fargo Securities will go-ahead with the launch of its self-clearing prime brokerage platform after receiving approval from the Financial Industry Regulatory Authority...
Wells Fargo new product about to hit the market
18 June 2014 | New York | Reporter: Mark Dugdale
Wells Fargo Securities will launch a self-clearing prime brokerage product for its hedge fund clients by the end of June...
Wells Fargo to pay $62.5 million to end class action
30 May 2014 | Minnesota | Reporter: Mark Dugdale
Wells Fargo and a group of institutional investors have agreed to settle their class action litigation over the bank’s alleged misrepresentation of its securities lending programme...
Wells Fargo wins Blue Cross suit
07 April 2014 | Minnesota | Reporter: Georgina Lavers
Wells Fargo has won a second suit levelled against it by the health plan provider Blue Cross...
Christopher Kunkle joins Wells Fargo
07 October 2013 | New York | Reporter: Georgina Lavers
Christopher Kunkle, formerly director of securities lending and market risk at the Risk Management Association (RMA), will be joining Wells Fargo Securities as a managing director of securities finance...
Wells Fargo comments on lawsuit win
12 August 2013 | Minnesota | Reporter: Georgina Lavers
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A Minnesota jury has cleared Wells Fargo in the lawsuit levelled at the bank by Blue Cross and Blue Shields...
Jury weighs up Wells Fargo lawsuit
08 August 2013 | Minnesota | Reporter: Georgina Lavers
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A jury is deliberating whether Wells Fargo has committed fraud in a claim filed by Blue Cross and Blue Shield in 2011...
Wells Fargo recruits for new client trade services group
05 June 2013 | Charlotte | Reporter: Jenna Jones
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Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company, has announced the formation of a new client trade services group within Wells Fargo Securities’ Markets division...
Two Vermuts and Ron Suber leave Wells Fargo to Prosper
23 January 2013 | San Francisco | Reporter: Georgina Lavers
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Stephan Vermut, Aaron Vermut and Ron Suber have all left Wells Fargo to join the peer-to-peer financing platform Prosper...
Wells Fargo settles with Sarasota over securities lending feud
17 December 2012 | Sarasota | Reporter: Mark Dugdale
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Wells Fargo will pay Sarasota County $23.75 million to settle claims that Wachovia Bank, which it acquired at the peak of the financial crisis, mismanaged the county’s securities lending portfolio between 2007 and 2008...
Wells Fargo renames Merlin Securities
04 December 2012 | New York | Reporter: Jenna Jones
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Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company, has rebranded recently acquired Merlin Securities to Wells Fargo Prime Services...
Retirement plan suing Wells Fargo over securities lending
12 November 2012 | Nebraska | Reporter: Georgina Lavers
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It has been reported that the Nebraska Public Power District Employees Retirement Plan (NPPD) is suing Wells Fargo over claims that the bank misinformed it about the risks of a securities lending programme...
Moody’s: Merlin acquisition is risky business
09 May 2012 | New York | Reporter: Mark Dugdale
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Credit ratings agency Moody’s Investor Service has reacted negatively to the Wells Fargo Securities acquisition of Merlin Securities LLC, a prime brokerage and technology provider based in San Francisco and New York...
Wells Fargo to acquire Merlin Securities
27 April 2012 | New York | Reporter: Georgina Lavers
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Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo, has reached an agreement to acquire Merlin Securities, a San Francisco and New York-based prime brokerage services and technology provider...
Wells Fargo squares up to securities lending lawsuit
28 March 2012 | Minnesota | Reporter: Georgina Lavers
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Institutional investors have filed a lawsuit against Wells Fargo, claiming that the bank miss-sold the safeness of its securities lending program...
Blue Cross sues Wells Fargo
07 September 2011 | Minneapolis | Reporter: Anna Reitman
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Blue Cross and Blue Shield of Minnesota and other institutional investors launched a suit against Wells Fargo...
Wells Fargo Links To DTCC
29 March 2011 | New York | Reporter: Steven Lafferrty
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The Depository Trust & Clearing Corporation (DTCC) today announced that Wells Fargo Bank (NYSE: WFC) has linked to its Loan/SERV Reconciliation Service to help....
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Wachovia Global Securities Lending has rebranded as ClearLend Securities. The newly-named business is a combination of the operations of Wells Fargo Securities Lending and Wachovia Global Securities Lending...
Wells Fargo and another law suit
29 June 2010 | Sarasota | Reporter:
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A USD40 million lawsuit has been filed by Sarasota County against Wells Fargo Bank, alleging improper investment advice with regard to the county's securities lending portfolio prior to the market crash in 2008. The case number is 2010 CA 006579NC.