Wells Fargo Names O’Hara Head of Banking for CIB, Engel Chairman of Banking
APR 19, 2022 - 7:11 am
Tim O’Hara will join the corporate and investment bank at Wells Fargo on May 9 as head of banking. In this role, O’Hara will lead corporate and investment banking origination and execution within Wells Fargo’s corporate and investment bank’s banking division.
O’Hara will join Wells Fargo from BlackRock, where he served as global co-head of credit since 2017. Prior to that, O’Hara spent 28 years at Credit Suisse. He will report to Jon Weiss, CEO of the corporate and investment bank at Wells Fargo.
At BlackRock, O’Hara spent the last five years implementing the growth of the firm’s alternative asset investment business and he also helped develop the firm’s private capital markets capabilities. He has served on multiple management and investment committees, including BlackRock alternative investors’ executive committee, BlackRock’s global operating committee, the global human capital committee and the investment committees for, among other investment strategies, direct lending, opportunistic credit and private equity.
O’Hara spent 30 years Credit Suisse, where he held a variety of leadership positions, such as managing director and CEO of global markets. In this role, he led the firm’s global markets business across all international regions. Other roles he held at Credit Suisse included president and CEO of Credit Suisse Holdings, global co-head of investment banking, head of fixed income, global head of equities, global head of credit products and head of leveraged finance.
“Tim has built an impressive career at two of our industry’s leading firms and he brings the leadership skills, business acumen, industry knowledge and ambitious vision to lead our business into the future,” Weiss said. “I look forward to leveraging his expertise and insights to maximize our potential and achieve even greater partnership and strategic dialogue with our corporate and institutional clients.”
Rob Engel, who has led banking since 2014 and joined Wells Fargo in 2005, will assume the new role of chairman of banking. He will report to O’Hara and will remain on the corporate and investment bank’s operating committee.
“Rob has been a trusted colleague and partner to many clients and fellow bankers, and we are fortunate to continue to draw on his energy, experience and expertise in dialogue with many of our most important clients,” Weiss said. “He is a terrific leader and strategic thinker and he’ll be a critical part of our continued success in his new role as chairman of banking.”
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