Came as a bit of surprise but can't blame him knowing how hard he tried to keep the group together over the past 12-18 months when all of his MDs were jumping ship. It was painful to watch him every week during Monday morning calls where he had to share the news of yet another MD departure and then try to give a morale-boost speech. Glad he found a new place. Good luck to the guy
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Comments (21)
I stand corrected, surprised hejumped toWF. Good for them I guess?
https://www.bloomberg.com/news/articles/2022-11-04/wells-fargo-hires-senior-tech-banker-gudofsky-from-credit-suisse
Lol when prospects think group heads make career moves based on the analyst tier lists you find onWSO.
Wow so now it's only David Wah who's left atCSamongst the senior ranks?
Wah and one semi MD. All the other MDs remaining in the group seems to be recent hires (been with the firm for less than a year)
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Learn morethere are a some good ones left, though Wah has done some of the biggest tech deals on street. Will be interesting to see how this all turns out. Wonder how team will adjust to a much smaller org in general.
Wells guys just jumped to Truist
Gudofsky was a true leader. Didn't abandon the ship until no one was left on board
isWFaBBnow?
what do you mean? so he didnt base one of his most important life descisions on anIBtier list that a sophomore at Cornell made? Fuck.
WhatIBtier list is this?
所以他妈的前景怎么样od at completely missing the point
Was told by our banks team thatWFhad big balance sheetrestrictions that were going away as of 2023 which should allow them to invest significantly more inIBnow. Probably helps with the move. Correct me if I'm wrong
I don't believe a Balance Sheet Asset Cap has anything to do with an investment in the Investment Banking line of business.WFbrought in a formerexecutive at Credit Suisseto run theInvestment Banking divisionand his idea to invest in external resources. No correlation to Asset Cap.
IBisn't a massively balance-sheet heavy business and the cap is only a few years old, their underperformance inIBlong predates that. Yes banks that have a balance sheet can use it, no question there, but asset cap is much more of a problem for the retail arm.
WFis lower on theWSOtier list thanCS, why didn't he move to a more prestigious bank? /s
Wells is on the upswing whether you like it or not - up to them if they cankeep gaining market share
That's not what I read on WSO!
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