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Citadel Securities Closing - Bankers, Admin Staff Find Home

August 15, 2011

Wells Fargo Securities, agreed to hire a team of 25 investment bankers and related administrative staff from Citadel Securities.  The agreement between the 2 companies also involves the transfer of Citadel Securities’ related investment banking business to Wells Fargo Securities.

Brian Maier, a 26-year veteran, who most recently headed Investment Banking at Citadel Securities and had previously worked for Merrill Lynch and Goldman Sachs, joins Wells Fargo Securities as a Vice Chairman in Client Coverage.   He'll be based in New York and will report to Rob Engel and Jonathan Weiss, co-heads of Investment Banking at Wells Fargo Securities.

Mr. Maier is joined by the these MD's: Stephen Gerson (Financial Technologies);  Aviv Laurence (Gaming and Leisure);  Paul Pepe (leads newly formed Corporate Finance team within Wells Fargo);  Stavros Tsibiridis (M&A).

Citadel Securities and Wells Fargo Securities have agreed to work closely with existing clients to continue to execute on outstanding mandates, provide uninterrupted service and focus on clients’ needs.    [Business Wire, 8/15/11]