Wells Fargo Expands Investment Banking Unit

Wells Fargo & Co. is expanding its investment banking business by opening an office in Chicago and hiring bankers in New York and in the Midwest.

The San Francisco-based securities arm of the bank named Steve Moss a managing director to head the Chicago office. Moss previously led a 12-member team at Merrill Lynch & Co. that worked with computer, imaging and other technology companies.

Chris Falk, a former computer and technology investment banker at Merrill Lynch, also joined Wells Fargo to work in Chicago.

The bank said it put Will Lewis, formerly with Robertson Stephens Inc., in charge of private capital in its New York office.