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| Kimberly Fritts |
Wells Fargo has signed on Cogent Strategies, the firm launched by former Podesta Group CEO Kimberly Fritts, for additional Washington coverage.
It wants Cogent to handle a broad range of policy issues impacting the banking sector.
Managing directors David Oxner, former head of government relations at the Securities Industry & Financial Markets Assn., and Randall Gerard, ex-Podesta principal and staffer on the Senate Commerce, Science and Transportation Committee, handle the effort.
As part of its turnaround plan, Wells Fargo announced June 28 that Derek Flowers, a 21-year veteran of the company, will head its newly created strategic execution & operation office that is supposed to enable the bank to deal with its regulatory priorities and drive its transformation.
Flowers reports to interim CEO Allen Parker, who replaced Timothy J. Sloan in March after he was the subject of a blistering attack by Massachusetts Senator and presidential hopeful Elizabeth Warren.
Sloan was the second CEO to exit since the 2016 bombshell that Wells Fargo staffers opened up millions of fake customer accounts.
Wells Fargo spent $4.3M for DC lobbying during the past year at a roster of shops that includes Ogilvy Government Relations, Resolution Public Affairs and Federal Street Strategies.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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