Wells Fargo Securities has announced the addition of two industry veterans as part of an expansion of the public finance leadership team, based in New York.
Sally Bednar joins Wells Fargo as a managing director, head of Higher Education and co-head of the Education and Nonprofit group, and Rick Molke joins as a managing director and co-head of the Energy and Corporate group.
'As we expand the Wells Fargo Securities Public Finance Investment Banking team, we continue to recruit seasoned individuals with the industry knowledge and expertise that our clients expect', said Peter J. Hill, head of Wells Fargo Securities Public Finance Investment Banking. 'With more than 50 combined years successfully executing capital markets financings, Sally and Rick can help us serve as a trusted banker for our clients and prospects'.
As the new head of Higher Education, Bednar will co-head the Education and Nonprofit banking group for Wells Fargo Securities Public Finance Investment Banking team with Rick Chisholm. She has more than 18 years of banking experience, primarily in public finance in the higher education sector. Previously, she served as co-head of Morgan Stanley’s Higher Education group. Bednar earned a bachelor’s degree from the University of California, Santa Barbara and a master’s of business administration from New York University. She maintains a California C.P.A. license and Series 7, 53, and 79 securities registrations.
Molke joins Wells Fargo as a managing director and co-head of the Public Finance Energy and Corporate group, working alongside veteran managing director and co-head, Adam Woodard. With more than 35 years of experience in public finance, Molke most recently served as co-head of the Public Power Group at Morgan Stanley. Previously, he served as head of the Public Power Group at Bear Stearns and Merrill Lynch. Molke holds a bachelor’s degree from Brown University and a master’s of business administration from Harvard Business School.
'Rick’s deep roots in public finance further strengthen our team serving the energy and corporate sectors', said Woodard. 'He is a powerful addition to our group'.
As part of the Wells Fargo Securities Municipal Products Group, and with 160 associates in 20 offices, the Public Finance Investment Banking teams provide capital markets products and underwriting, structuring and assistance services to government and institutional customers throughout the U.S. As of September, the Wells Fargo Securities Municipal Products Group ranks among the top 10 underwriters of municipal securities in the U.S., according to Securities Data Corp.