Wells Fargo & Co. has hired Hunter Patton as Managing Director of North America’s merchant and investment banking, focused on industrial products.
Patton will focus on automobiles, automotive technology, capital goods and other areas of capital goods and services, according to a memo reviewed by Bloomberg News. Patton has been with Wells Fargo since Ford Motor Co., where he was part of the Global Strategy and Corporate Development team, leading the strategy and execution of inorganic growth investments. He joined Ford in August 2017.
He will be based in Chicago and will report to Meara Kelley, head of merchant banking and industry investment.
“As we continue to invest and grow our presence in the industrial sector, we are delighted to welcome Hunter, who brings extensive experience in the automotive and capital goods sub-sectors and a proven track record in multi-phased business development, mergers and acquisitions, strategy, and venture capital investment, ”Kelley said in a statement.
A Wells Fargo representative confirmed the contents of the note.
The bank’s industry group has been working on deals that include Blackstone Inc.’s purchase of construction products company Chamberlain Group and Oak Hill Capital’s acquisition of consumer packaging maker Technimark Holdings, according to data compiled. by Bloomberg.
Prior to joining Ford, Patton worked at Citigroup Inc. for over 12 years as part of its industrial investment banking team, after starting his career with investment bank Stout Risius Ross.