Wells Fargo clearing and futures head departs

Veteran who oversaw bank’s swift rise to swaps clearing juggernaut retires

Wells Fargo
Photo: Mike Mozart/Flickr

The head of markets clearing and futures execution at Wells Fargo, George Simonetti, has left the bank, according to a spokesperson.

Simonetti left the bank in June after a 27-year career with Wells, which culminated in him taking the top job in clearing in 2012. Based in Charlotte, North Carolina, Simonetti was responsible for all over-the-counter and listed derivatives clearing for both the bank’s house account and for clients, according to his Tumblr blog.

The veteran developed the tiny

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