Wells Fargo renames Merlin Securities
04 December 2012 New York
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Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company, has rebranded recently acquired Merlin Securities to Wells Fargo Prime Services.
Wells Fargo Securities purchased Merlin Securities鈥攁 San Francisco- and New York-based prime brokerage services and technology provider鈥攊n April this year. Terms of the agreement were not disclosed.
Merlin鈥檚 web-based suite of prime brokerage technology solutions, which are known as MerlinPRIME, MerlinSHARP and MerlinCOMPASS, have been renamed Wells Fargo PRIME, Wells Fargo SHARP and Wells Fargo COMPASS.
John Shrewsberry, head of Wells Fargo Securities, said: 鈥淲ells Fargo Prime Services fills an important niche in our product set.鈥
鈥淭he addition of prime services enhances our ability to meet client needs and generate earnings for our shareholders; all the while adhering to our disciplines of prudent risk management and controlled growth.鈥
Stephan Vermut, co-head of Wells Fargo Prime Services, said: 鈥淥ur new name reinforces Wells Fargo鈥檚 commitment to providing superior prime brokerage services and industry-leading technology to the alternative investment community.鈥
鈥淲e look forward to continuing to provide financial and technology solutions while growing our product offerings to meet the needs of the marketplace."
Wells Fargo Securities purchased Merlin Securities鈥攁 San Francisco- and New York-based prime brokerage services and technology provider鈥攊n April this year. Terms of the agreement were not disclosed.
Merlin鈥檚 web-based suite of prime brokerage technology solutions, which are known as MerlinPRIME, MerlinSHARP and MerlinCOMPASS, have been renamed Wells Fargo PRIME, Wells Fargo SHARP and Wells Fargo COMPASS.
John Shrewsberry, head of Wells Fargo Securities, said: 鈥淲ells Fargo Prime Services fills an important niche in our product set.鈥
鈥淭he addition of prime services enhances our ability to meet client needs and generate earnings for our shareholders; all the while adhering to our disciplines of prudent risk management and controlled growth.鈥
Stephan Vermut, co-head of Wells Fargo Prime Services, said: 鈥淥ur new name reinforces Wells Fargo鈥檚 commitment to providing superior prime brokerage services and industry-leading technology to the alternative investment community.鈥
鈥淲e look forward to continuing to provide financial and technology solutions while growing our product offerings to meet the needs of the marketplace."
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