Wells Fargo hires ex-Goldman partner for senior APAC role

eFC logo
Wells Fargo

Wells Fargo Securities in Hong Kong has recruited former Goldman Sachs partner Peter Welch as head of its global institutional capital group for Asia Pacific.

Welch is responsible for institutional client coverage in APAC. His is focused “on connecting sovereign wealth funds, pension funds, life companies, asset managers with investment opportunities (equity and debt) and services across the Wells Fargo organization”, according to his online profile.

He has returned to Hong Kong from his native Australia, where he most recently worked for Infrastructure Capital Group, an independent fund manager. Welch was head of capital during his four years at ICG and was in charge of client engagement and capital raisings across funds, separate accounts and co-investments.

Prior to ICG, Welch cofounded Sydney-based investment manager Shearwater Capital. Between 2003 and 2006, he was a managing director at real-estate capital arranger Pacific Capital Group in the city.

But Welch hasn’t only worked for Australian boutiques.

He was a partner and MD at Goldman Sachs JBWere from 2006 to 2008, and a member of the firm’s principal investment and real estate investment committees.

From 1998, he spent five years at Merrill Lynch, latterly as an MD and co-head of global principal investments. During that time he co-founded the global principal investments and real-estate principal investment teams in Asia Pacific.

Headhunters say Wells Fargo wants to expand its global institutional capital group in Asia and it was attracted by Welch’s track record of setting up and growing teams.

“This is a very capable individual who has built very successful businesses multiple times in the past,” says Matthew Hoyle, director of Matthew Hoyle Financial Markets in Hong Kong.

Welch isn’t the only senior regional appointment at Wells Fargo this year. The firm relocated Jafar Amin from London to Hong Kong in January as regional president for APAC and head of APAC global financial institutions.

Wells Fargo currently has about 1,600 wholesale banking employees in Asia Pacific, serving corporate, commercial and financial institution customers, according to its website.

The bank would not comment on its Asian hiring.

Image credit: mbbirdy, Getty

Related articles

Popular job sectors

Loading...

Search jobs

Search articles

Close