Wells Fargo & Co. on Wednesday named a pair of former Wachovia Corp. executives, Robert A. Engel and Jonathan G. Weiss, to run its investment banking and capital markets businesses.

Each had held similar jobs at Wachovia, which San Francisco-based Wells bought last month.

Stephen Cummings, who was head of Wachovia's corporate bank, declined to join Wells after the merger. Quinten Stevens, who had run Wachovia's equities division, also declined to join the post-merger company, Wells said in a press release.

Meanwhile, the California bank's Mike Johnson will head the corporate banking division, and its John Shrewsberry will manage the securities investment group, which now includes Wachovia's equities, fixed-income, capital management, and research businesses.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.