Wells Fargo (WFC) is expanding its restructuring capabilities by hiring Philip Saliba, previously head of restructuring capital markets at Deutsche Bank, to join its leveraged finance team. The move signals the bank’s push to build out its restructuring group amid a competitive hiring landscape.
Wells Fargo Builds Out Restructuring Capability With Deutsche Bank Hire
Wells Fargo is building out its restructuring capability with a hire from Deutsche Bank, according to a report from The Wall Street Journal.
The Hire
Philip Saliba, who was head of restructuring capital markets at Deutsche Bank, will join the leveraged finance team at Wells Fargo.
Context
The move places a former head of restructuring capital markets at a major bank into Wells Fargo’s leveraged finance operations. The source material does not include further details on the scope of the role, start date, or the size of the restructuring group being built.
The report was published on November 5, 2026, by wsj.com.