NEW YORK--(BUSINESS WIRE)--Wells Fargo Securities announced today that Stratford Shields, a veteran public finance and capital markets leader, has been named managing director and head of Public Finance, effective immediately. Based in New York City, Shields now oversees a national team of professionals responsible for originating and structuring capital markets products and services for municipal and nonprofit clients. He reports to Phil Smith, head of Government & Institutional Banking.
Shields brings more than 25 years of experience to his new role with Wells Fargo, most recently as managing director and Midwest regional manager for RBC Capital Markets. For the majority of his career, Shields worked in positions of increasing responsibility for Morgan Stanley, including head of Public Finance.
“Wells Fargo has a proven leader in Stratford,” said Smith, noting Shields is a former Municipal Division chair of the Securities Industry Financial Markets Association (SIFMA). “He brings to our firm an accomplished record of building strong investment banking practices and teams. We are excited to have Stratford on board to lead our team as we continue to partner with other Wells Fargo businesses to meet our clients’ capital markets needs.”
Shields is also known for building client relationships through leadership and deal execution, Smith added. “Having held several senior roles early in his career for the State of Ohio, he brings a valuable client perspective to our Wells Fargo team,” Smith said.
Shields earned his bachelor’s degree from The Ohio State University, a master’s from Columbia University, and an MBA from Columbia Business School.
About Government & Institutional Banking
Wells Fargo Government & Institutional Banking supports more than 4,000 government, education, nonprofit, and healthcare clients across the United States. The firm organizes specialized capital markets and commercial banking teams under one line of business, offering an integrated approach to provide the most value for its clients. Government Banking serves federal, state, county, and city governments, government agencies and authorities, municipal utilities, school districts, and specialty public sectors such as public power, housing, finance, and transportation. The Education and Nonprofit group serves colleges, universities, 501(c) organizations, foundations, endowments, and national nonprofits. Healthcare Financial Services serves nonprofit hospitals systems, nonprofit healthcare issuers, and academic medical centers.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,400 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 268,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories. Wells Fargo Securities is the trade name for certain securities-related capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Securities, LLC, member NYSE, FINRA, NFA and SIPC and Wells Fargo Bank, N.A., acting through its Municipal Products Group.