Daily News: March 6, 2014

Wells Fargo Forms Healthcare Specialty Group

Wells Fargo announced it formalized a team within its Corporate Banking Group to meet the banking needs of its large and complex for-profit healthcare customers.

The newly formed Healthcare Group, under the leadership of David Gillespie, delivers customers a comprehensive suite of traditional banking and credit solutions, and collaborates with Wells Fargo Securities’ Investment Banking and Capital Markets Group to provide capital market products and advisory services. The team also serves as a resource for other Wells Fargo business lines that cover different segments of the healthcare industry.

“As the healthcare landscape undergoes substantial changes, our customers need a banking partner that understands their unique needs and will continue to enable them to succeed financially,” said Gillespie. “Bringing together this team of seasoned industry professionals evolved from our customers’ growing and complex banking needs.”

Gillespie is a 22-year Wells Fargo veteran. For more than a decade, he led the Healthcare Leveraged Finance team in Wells Fargo Securities’ Investment Banking & Capital Markets Group, where he advised healthcare customers on financing, and developed strong sector expertise. He is based in Charlotte, and reports to Jim Heinz, head of Wells Fargo’s U.S. Corporate Banking Division.

“Having a leader of David’s caliber and industry experience join our Corporate Banking Group is very positive for both our customers and the company, and we look forward to growing our presence in the sector,” said Heinz.