Wells Fargo Securities said Patrick McCarthy, Moira Baldwin and Ian Spier are joining the healthcare division of its public finance unit.
The three join Wells from Jefferies LLC.
“I’m pleased to welcome a trio of the industry’s top talent to our growing team,” said Stratford Shields, head of public finance Wells Fargo. “As our clients grow and consolidate in the rapidly changing not-for-profit healthcare business, we are now able to provide both financing and strategic advisory services to help them achieve their objectives.”
Patrick McCarthy, a 20-year public finance industry veteran, is still on garden leave. He will join the firm as managing director and co-head of Not-for-Profit Healthcare in early 2019. He previously headed Jefferies’ not-for-profit healthcare group. His predecessor firms include Goldman Sachs, where he served as managing director, and Morgan Stanley. A graduate of Lake Forest College, McCarthy will be based in New York and will report Shields.
Moira Baldwin and Ian Spier recently joined the firm as directors. They previously served as senior vice presidents in healthcare under the management of McCarthy at Jefferies.
Baldwin, whose advanced expertise includes children’s hospitals and capital market solutions, attended Pennsylvania State University's Smeal College of Business, where she earned an MBA. She worked at Goldman Sachs prior to Jefferies.
Spier, a graduate of Wake Forest University, has experience in M&A and capital market transactions on behalf of not-for-profit healthcare systems. He worked at Bank of America prior to Jefferies.
Both Baldwin and Spier will be based in New York and report to McCarthy and sector co-head Melissa Bastan.
“I’m thrilled to broaden our team’s scope of services for our clients,” said Bastan. “Patrick, Moira and Ian are proven leaders who will help our clients prepare for opportunities ahead.”
