Wells Fargo Appoints Mike Riley and Dan Thomas as Co-Heads of Markets

Wells Fargo & Company (Wells Fargo), a leader in the financial services headquartered in the US, announced on Monday that it has named Mike Riley and Dan Thomas co-heads of the Markets division of its Corporate & Investment Bank (CIB), tasked them with leading all of CIB’s markets-driven activities, reporting to Jon Weiss, CEO of CIB.

Riley most recently was Head of Equities of CIB. He joined Wells Fargo in 2013 as co-head of Equity Trading. In 2014, he became co-head of Equities. Prior to the US bank, he was Head of Options Trading at Getco. Previously, he held the position of co-head of Equity Derivatives Trading for the Americas at UBS. Also, he was a decorated officer in the Navy where he served aboard the nuclear submarine USS Memphis.

Thomas has been with the US bank for more 25 years, with various leadership roles. He was Chief Financial Officer of CIB most recently. Before that, he was Head of CIB’s Financial Resource Management (FRM) team. In 2013, he led the creation and build-out of Wells Fargo’s prime brokerage and derivatives clearing businesses. In addition, his leadership experience includes serving as the Head of Rates and Commodities Sales for Wells Fargo, and Head of the Global Rates business for Wachovia.

“Mike and Thomas are strategic leaders and superb risk managers, with longstanding institutional knowledge, industry relationships, and proven track records running high performing teams,” said Jon Weiss, CEO of CIB. “I look forward to leveraging their collective leadership, expertise and insights to chart the future of our Markets business and enhance its role as an important contributor to growth opportunities within our Corporate & Investment Bank.”

Last month, Fazzaco reported that Wells Fargo has appointed its long-time employee Kristin Lesher ​as Head of Middle Market Banking, reporting to Kyle Hranicky, CEO of Wells Fargo Commercial Banking.