Wells Fargo (WFC) Confirms Purchase of Merlin Securities

Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company (NYSE: WFC), today announced that a definitive agreement has been reached to acquire Merlin Securities, LLC, a San Francisco and NYC-based prime brokerage services and technology provider. Terms of the agreement were not disclosed.

Merlin offers an industry leading suite of integrated solutions with its MerlinPrime and MerlinSHARP products and provides open architecture technology, custody and clearing services, operational support, and securities trading to clients in the asset management industry.

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