Wells Names Cap Markets Chief

Mortgage industry veteran John Gibbons has been named head of capital markets for the residential lending businesses of Wells Fargo & Co.'s Home and Consumer Finance Group.Mr. Gibbons' responsibilities will include all loan sale, securitization, and hedging activities, Wells Fargo said. He will support Wells Fargo Home Mortgage, Des Moines, Iowa; Wells Fargo Financial, a Des Moines-based provider of consumer and commercial credit products; and Wells Fargo Consumer Credit Group, a San Francisco-based provider of home equity and personal credit accounts. Mr. Gibbons was most recently a senior consultant with Hollister LLC and vice chairman of Overture Corp. During his 20-plus years in the mortgage industry, he has been employed by Federal Home Loan Banks, insurance companies, banks, and investment management firms, and he was executive vice president and chief financial officer of Freddie Mac from 1996 to 2000, Wells Fargo said. The company can be found online at http://www.wellsfargo.com.