Wells Fargo clearing and futures head departs
Veteran who oversaw bank’s swift rise to swaps clearing juggernaut retires
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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