Rising to the challenges and complexities of rapid growth and reform in
the U.S. health care system, Wells Fargo (NYSE: WFC) said today it has
named two financial services veterans to new leadership roles in Government
and Institutional Banking (GIB).
Melissa Bastan, Wells Fargo managing director and head of Healthcare for Public Finance (Photo: Business Wire)
Melissa Bastan has been named managing director and head of Healthcare
for Public Finance nationwide. She is based in New York. William H.
“Bill” Morgan is now co-head of Healthcare
Financial Services (HFS) nationwide. He is based in Charlotte.
Wells Fargo GIB serves regional and national health care systems,
community hospitals, academic medical centers, children’s hospitals, and
managed care organizations.
“Wells Fargo is one of the top banks to the best-managed hospitals in
the country,” said Phil Smith, head of Wells Fargo GIB. “The
not-for-profit health care industry is consolidating into bigger, more
complex health systems, and health care reform is reshaping our future.
Wells Fargo will continue to invest in the resources needed to meet
growing demand from our non-profit health care customers.”
Bastan brings more than 20 years of health care financial experience to
Wells Fargo. Most recently, she served as managing director and partner
at The Yuba Group in New York. Before that, she was an executive
director with Morgan Stanley’s Not-for-Profit Healthcare and Higher
Education teams with Public Finance, Fixed Income Division, where she
was a senior investment banker for health systems, academic medical
centers, and universities. Bastan holds a bachelor’s degree in business
administration from Georgetown University and an MBA, with focus on
finance and public policy, at The Wharton School of the University of
Pennsylvania.
“Melissa’s expertise in acquisitions and capital formation for large
hospitals and health care systems is key to Wells Fargo’s continued
growth,” said Peter Hill, head of the Wells Fargo Securities Public
Finance team.
Morgan joined Wells Fargo in 2010 and led the HFS Mid-Atlantic and
Southeast divisions. He has 28 years of commercial banking experience,
including posts at Fleet Boston, and Fifth Third Bank. He earned a
bachelor’s degree in finance from the University of Connecticut and an
MBA from Rochester Institute of Technology.
In his new role, Morgan leads the HFS Eastern Division, and he co-heads
the national HFS group with Jeffrey A. Ruehle, who will be based in San
Francisco and oversee the HFS Western Division.
“Bill’s tenure in healthcare commercial banking, partnering with our
already-strong HFS leadership in Jeff Ruehle, puts Wells Fargo among the
strongest collaborative banking teams in the healthcare sector,” said
Smith.
Unique in the industry, Wells Fargo Government and Institutional Banking
(GIB) provides a wide range of solutions to meet the needs of
government, education, healthcare, and not-for-profit organizations.
Bringing together specialized commercial banking teams, public finance
investment bankers, municipal derivatives marketers and municipal sales,
trading and syndicate professionals into one team, GIB offers an
integrated approach that leverages the resources of Wells Fargo to
create value for its clients.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.5 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 locations, 12,000 ATMs, and the internet
(wellsfargo.com),
and has offices in 36 countries to support customers who conduct
business in the global economy. With more than 264,000 team members,
Wells Fargo serves one in three households in the United States. Wells
Fargo & Company was ranked No. 25 on Fortune’s 2013 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 perspectives are also available at blogs.wellsfargo.com.
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