Wells Fargo Securities announced Wednesday that it has hired two senior derivatives executives to build out the firm’s equity derivatives business and help lead its equity sales and trading groups.
Patrick Neal joined the firm as co-head of equity sales and Mike Riley has joined as co-head of equity trading. Neal will partner with Geoff Snyder, currently the firm’s head of equity cash sales, who was named the co-head of equity sales.
Riley will partner with Matt Brown, the firm’s head of equity cash and electronic trading since 2009. The two have been named co-heads of equity trading.
Neal, a pro with more than 14 years of experience, has covered equity derivatives sales, trading and strategy. He comes to Wells Fargo from an equity hedge fund he founded in 2011. Before that, Riley was head of U.S. equity strategy at Jefferies and Company. He was also head of equity derivatives strategy at Bank of America and traded equity derivatives at Susquehanna from 2002 to 2005. He started his career at BNP Paribas Cooper Neff.
Riley, a 16-year veteran, was most recently head of options trading at market maker Getco. Before that, he spent 12 years at UBS on its equity desk. There he co-headed equity derivatives trading for the Americas from 2009 to 2012.
Snyder, Brown, Neal and Riley form the new leadership team for Wells Fargo’s equities sales
