Michael Buttner, most recently head of residential mortgage-backed securities for Wells Fargo Securities, has been named managing director of the unit’s bank strategies group.
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Prior to joining Wells Fargo Securities, Buttner managed the hedging activities for Wells Fargo Home Mortgage’s servicing portfolio and pipeline/warehouse assets. In 2007 and 2008 he was chief executive of Wachovia Bank International, a Dublin-based subsidiary of Wachovia Corp.
Rich Gordon, managing director of fixed-income market and portfolio strategy for Wells Fargo Securities, said in a press release, “Prior to this promotion, the bank strategies group had been focused mainly on providing portfolio management support to community banks.
“Mike’s extensive experience managing large bank portfolios will enable us to expand our offering to mid-size and large financial institutions while continuing to serve community banks across the country.”
Daily Briefing | Thursday, August 11, 2011
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