Greg Reiter Joins Wells Fargo Securities as Head of Residential Mortgage Research

  Greg Reiter Joins Wells Fargo Securities as Head of Residential Mortgage
  Research

      Industry Veteran Brings Decades of Buy-Side, Sell-Side Experience

Business Wire

NEW YORK -- December 10, 2012

Wells FargoSecurities, the capital markets and investment banking business
ofWells Fargo& Company (NYSE: WFC), today announced that Greg Reiter has
joined the firm as managing director and head of Residential Mortgage
Research. Based in Charlotte, NC, Reiter will lead the Residential Mortgage
Backed Securities (RMBS) research team in developing strategy, publishing
research and generating investment ideas for institutional investors. Reiter
reports to Marielle Jan de Beur, head of Structured Products Research.

“Greg brings significant expertise to his role with over 25 years of
experience from both the sell-side and the buy-side,” said Diane
Schumaker-Krieg, global head of Research, Economics & Strategy. “We look
forward to his partnering with colleagues in Research and in Sales & Trading
to provide actionable investment ideas to our clients.”

Reiter joined Wells Fargo Securities from Freddie Mac, where he was
responsible for developing RMBS securitization strategies, as well as
broadening investor and dealer outreach efforts. His previous sell-side
research experience includes serving as managing director and head of Agency
MBS Strategy for the Royal Bank of Scotland and director of Agency CMO, hybrid
ARM and specified pool strategy at UBS Investment Bank. While at UBS, Reiter
was the #1 ranked analyst in both Agency Structured Products (CMOs) and Agency
ARMs in the Institutional Investor All America research team surveys.

Reiter also has extensive buy-side experience managing large institutional MBS
portfolios at the World Bank and Charles Schwab Investment Management. He
holds a BA in Economics and an MBA from the University of California,
Berkeley.

About Wells Fargo Securities

Wells Fargo Securities delivers a comprehensive set of capital markets
products and services to customers, including originating and distributing
public debt and equity, hedging interest rates, commodity and equity risks,
advising on mergers and acquisitions, and originating structured lending
facilities and municipal bonds. The institutional capital markets business is
comprised of more than 3500 team members in 40+ offices across the United
States, Europe and Asia.

Wells Fargo Securities is the trade name for certain capital markets and
investment banking services of Wells Fargo & Company and its subsidiaries,
including Wells Fargo Securities, LLC, member NYSE, FINRA, NFA and SIPC, Wells
Fargo Institutional Securities, LLC, member FINRA and SIPC, Wells Fargo Bank,
National Association, Wells Fargo Securities International Limited (authorized
by the U.K. FSA), Wells Fargo Securities Asia Limited (licensed by the HK
SFC), and Wells Fargo Securities (Japan) Co., Ltd. (registered with the KLFB).

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial finance
through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank’s customers who
conduct business in the global economy. With more than 265,000 team members,
Wells Fargo serves one in three households in the United States. Wells Fargo &
Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy all our customers’ financial
needs and help them succeed financially.

Contact:

Wells Fargo & Company
Shelley Beason, 704-715-2471
shelley.beason@wellsfargo.com