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Wells Fargo Poaches NY Banking Team From Citi

Tom Coyle US Bureau Chief August 25, 2009

Wells Fargo Poaches NY Banking Team From Citi

Wells Fargo Advisors, part of the US-listed banking group, has lifted an international-banking team out of Citigroup in New York.

The ex-Citi team, led by financial advisor Pedro Nieves, managed around $345 million in client assets and had more than $3.2 million in annual production, according to Dow Jones.

"Wells Fargo Advisors" is the brand San Francisco-based Wells Fargo gave the combination of Wachovia Securities and its legacy brokerage Wells Fargo Investments after acquiring Charlotte, North Carolina-based Wachovia last year.

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