George Bory will start at Wells Fargo & Co. in September as head of credit strategy in the most valuable U.S. bank’s capital markets and investment bank unit.
Bory joins Wells Fargo Securities in the newly created position next month, reporting to Lee Brading, head of credit research. He will focus on investment-grade and crossover strategy research, and will “over time” broaden into high-yield coverage, according to a press release dated today. Bory will be based in New York and Charlotte, North Carolina.
“I am very excited about joining Wells Fargo,” Bory said in an e-mail today. “Their strong position in the corporate credit market and existing depth of resources provides an excellent platform to develop a top-tier strategy product.”
The former global head of credit strategy at UBS AG departed the Zurich-based bank last month.
“George is highly regarded in the investor community and brings 20 years of credit strategy and analysis experience to our platform,” Diane Schumaker-Krieg, global head of research & economics at San Francisco-based Wells Fargo, said in the press release.