"Clients consistently commend Ozi for his deep credit expertise and thoughtful approach to identifying opportunities," said Charles Peck, Wells Fargo's head of municipal products.
Wells Fargo promoted Ozi Sander to head of municipal trading, the firm announced Tuesday.
Wells Fargo hired Sander in 2022 to strengthen the firm's high-yield and credit trading capabilities. He had been working at Citi.
"Clients consistently commend Ozi for his deep credit expertise and thoughtful approach to identifying opportunities," said Charles Peck, Wells Fargo's head of municipal products. "Ozi's focus on building lasting relationships and his prudent risk management make him well-suited for this leadership role."
"As market dynamics evolve, we remain focused on delivering idea-driven coverage and dependable liquidity," Peck added.
The city council of Harvey voted to declare the city financially distressed in a bid for state oversight, as the mayor warned of a city government shutdown.
"The story remains the same: solid demand is more than enough to take down the sizable new issue supply," said Daryl Clements, a portfolio manager at AllianceBernstein.