Wells Fargo has announced the hire of former Credit Suisse banker Jill Ford as its head of equity capital markets.

Ford, a 30 year investment banking veteran, will report to Wells Fargo’s head of Banking Tim O’Hara and be based out of New York.

The executive most recently served as co‑head of Equity Capital Markets Americas and was previously head of the ECM Americas Syndicate at Credit Suisse. At the Swiss bank which has now been absorbed by domestic rival UBS, Ford also co‑chaired the Equity Valuation Committee and sat on the Investment Banking & Capital Markets (IBCM) Global Operating Committee. She also acted as head of the Credit Suisse Americas Women’s Network for six years and served on the firm’s Corporate Insights Advisory Council, Global ESG Steering Committee, and the IB ESG Strategic Initiatives Forum

Tim O’Hara commented: “Jill is a proven leader in equity capital markets and an important addition to Wells Fargo as we continue to invest in our Corporate & Investment Bank. The extensive cross‑industry and syndicate structuring expertise Jill brings to leading our talented ECM team will help us deliver for clients.”

The news comes days before former Wells Fargo executive Carrie L. Tolstedt faces sentencing for her role in a 14-year long phoney accounts scandal which cost the bank $3 billion to settle.

Prosecutors last week called on Tolstedt, who was convicted early this year, to face 12 months in prison. The US Probation Office had recommended a three-year term of probation with no incarcerable sentence, with the statutory minimum sentence for obstruction of a bank examination standing at five years in federal prison. Tolstedt previously agreed to pay a $3 million penalty to settle a civil case brought by the Securities and Exchange Commission.

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