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Press release from Business Wire

Greg Reiter Joins Wells Fargo Securities as Head of Residential Mortgage Research

<p class='bwalignc'> <i>Industry Veteran Brings Decades of Buy-Side, Sell-Side Experience</i> </p>

Monday, December 10, 2012

Greg Reiter Joins Wells Fargo Securities as Head of Residential Mortgage Research08:00 EST Monday, December 10, 2012 NEW YORK (Business Wire) -- Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company (NYSE: WFC), today announced that Greg Reiter has joined the firm as managing director and head of Residential Mortgage Research. Based in Charlotte, NC, Reiter will lead the Residential Mortgage Backed Securities (RMBS) research team in developing strategy, publishing research and generating investment ideas for institutional investors. Reiter reports to Marielle Jan de Beur, head of Structured Products Research. “Greg brings significant expertise to his role with over 25 years of experience from both the sell-side and the buy-side,” said Diane Schumaker-Krieg, global head of Research, Economics & Strategy. “We look forward to his partnering with colleagues in Research and in Sales & Trading to provide actionable investment ideas to our clients.” Reiter joined Wells Fargo Securities from Freddie Mac, where he was responsible for developing RMBS securitization strategies, as well as broadening investor and dealer outreach efforts. His previous sell-side research experience includes serving as managing director and head of Agency MBS Strategy for the Royal Bank of Scotland and director of Agency CMO, hybrid ARM and specified pool strategy at UBS Investment Bank. While at UBS, Reiter was the #1 ranked analyst in both Agency Structured Products (CMOs) and Agency ARMs in the Institutional Investor All America research team surveys. Reiter also has extensive buy-side experience managing large institutional MBS portfolios at the World Bank and Charles Schwab Investment Management. He holds a BA in Economics and an MBA from the University of California, Berkeley. About Wells Fargo Securities Wells Fargo Securities delivers a comprehensive set of capital markets products and services to customers, including originating and distributing public debt and equity, hedging interest rates, commodity and equity risks, advising on mergers and acquisitions, and originating structured lending facilities and municipal bonds. The institutional capital markets business is comprised of more than 3500 team members in 40+ offices across the United States, Europe and Asia. Wells Fargo Securities is the trade name for certain capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Securities, LLC, member NYSE, FINRA, NFA and SIPC, Wells Fargo Institutional Securities, LLC, member FINRA and SIPC, Wells Fargo Bank, National Association, Wells Fargo Securities International Limited (authorized by the U.K. FSA), Wells Fargo Securities Asia Limited (licensed by the HK SFC), and Wells Fargo Securities (Japan) Co., Ltd. (registered with the KLFB). About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank's customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune's 2012 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially. Wells Fargo & CompanyShelley Beason, 704-715-2471shelley.beason@wellsfargo.com