Daily News: December 15, 2017

Johnston to Head Wells Fargo Securities Subscription Finance

Wells Fargo Securities appointed Jeff Johnston head of Subscription Finance, reporting to Chris Pink, head of Asset Backed Finance and Securitization. Industry veteran Dee Dee Sklar will assume the role of vice chair for Subscription Finance, working closely with Johnston.

Johnston joined Wells Fargo in 2007 and established the Subscription Finance business in 2010. He also helped lead the acquisition of the WestLB Subscription Finance business in 2012. Since then, he has managed the Origination, Structuring and Execution team within Subscription Finance. Prior to joining Wells Fargo, Johnston worked at Bank of America in its Global Structured Products group specializing in securitizations and financings for a variety of different asset classes, inclusive of subscription facilities.

Sklar joined Wells Fargo in 2012 through the acquisition of WestLB’s Subscription Finance business and led the growth of Wells Fargo’s Subscription Finance business. As vice chair, Sklar will focus more of her time engaging in industry affairs and managing key client relationships

“We have an industry leading subscription finance business with strong growth and momentum,” Pink said. “I have great confidence that in their new roles, Dee Dee and Jeff will together build an even stronger Subscription Finance business.”