CHICAGO — Minneapolis-based Wells Fargo & Co. late last month announced the hiring of Paul Blomgren to serve as a fixed-income strategist in its institutional brokerage and sales group. “We are very excited to have Paul join us,” John McCune, head of the group, said in a statement. “Paul’s background and expertise make him an extremely valuable asset to our team and in helping our customers succeed financially.” Blomgren previously worked at Stifel Nicolaus & Co. as an institutional sales representative. He also has previously worked as a fixed-income trader and a fixed-income analyst during his 15-year career in financial services.Under the structure of Wells Fargo’s brokerage group, salespersons, traders, and analysts often work on both corporate and tax-exempt deals. The firm has been on a hiring spree in public finance since 2006 when its managers said they were seeking to double revenues by 2010.
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