MUFG Union Bank hired Rob Swanson as managing director and Northern California market president. Prior to joining MUFG, he served as a managing director and market executive for the western region at Wells Fargo, covering technology banking.
Wells Fargo entered into a definitive agreement to sell Wells Fargo Asset Management to GTCR and Reverence Capital Partners for $2.1 billion. The sale includes Wells Fargo’s business of acting as trustee to its collective investment trusts and all related Wells Fargo Asset Management legal entities.
Citizens Bank hired Peter Ulmer as a managing director of the bank’s transitional finance team. Ulmer previously served at Wells Fargo for 20 years and has experience as a financial partner to corporate clients throughout the business life cycle.
CIBC joined RMI’s Center for Climate-Aligned Finance as a strategic partner. According to CIBC, it is the first Canadian bank to partner with the center’s efforts to align financial decision-making with the long-term decarbonization of the real economy.
JPMorgan Chase Bank acted as lead arranger alongside a syndicate of financial banking institutions, including Wells Fargo Bank, PNC Financial Services Group and Comerica Bank, on a $75 million revolving credit facility for InfuSystem, a national healthcare service provider.
Wells Fargo, Bank of America, JPMorgan and the Royal Bank of Canada closed a $125 million asset-based loan for Oil States, a products and services provider to the oil and natural gas, industrial and military sectors. Wells Fargo acted as administrative agent on the transaction.
JP Morgan Chase Bank served as issuing lender, joint lead arranger, joint bookrunner and the collateral and administrative agent on a $500 million asset-based revolving credit facility for NGL Energy Partners. The facility will be used to refinance existing debt.
Bank of America and Wells Fargo provided Northwest Hardwoods with an asset-based loan during the company’s financial restructuring process and emergence from Chapter 11.
Lighthouse Financial added Andy Graziano as vice president of business development, covering the Southeast region, including Georgia, Tennessee, Alabama and Florida. Graziano most recently served as a corporate ABL banker at Synovus Bank.
Peapack-Gladstone Financial appointed Maureen O’Hara to the role of senior managing director, commercial private banker of its commercial and industrial business. O’Hara most recently served as a principal relationship manager at Wells Fargo.