Wells Fargo Hires ICG’s Jones as Managing Director

Wells Fargo & Co. has hired Alan Jones as a managing director in investment banking, according to a person familiar with the matter.

Jones was most recently at alternative asset manager Intermediate Capital Group, where he was a senior managing director responsible for its direct private investment business in North America. Prior to that, he spent more than two decades at Morgan Stanley, leading global private equity investing, corporate finance and leveraged finance.

A spokesperson for Wells Fargo confirmed the hire and declined to comment further.

Jones is the firm’s latest hire as it ramps up ...