People familiar with the matter revealed that Wells Fargo has recruited Citigroup's Derek Van Zandt as the head of media and telecommunications business in the corporate and investment banking departments. According to people familiar with the matter, Van Zandt will be based in New York and will report to Brian Gudofsky, who is in charge of the technology, media and telecommunications business group. As a result, the matter was not disclosed, and people familiar with the matter requested anonymity. Van Zandt will take up his new job after the normal separation period. A Wells Fargo spokesperson confirmed Van Zandt joining the bank without further comment. Citi representatives declined to comment.

People familiar with the matter revealed that Wells Fargo has recruited Citigroup's Derek Van Zandt as the head of media and telecommunications business in the corporate and investment banking departments. According to people familiar with the matter, Van Zandt will be based in New York and will report to Brian Gudofsky, who is in charge of the technology, media and telecommunications business group. As a result, the matter was not disclosed, and people familiar with the matter requested anonymity. Van Zandt will take up his new job after the normal separation period. A Wells Fargo spokesperson confirmed Van Zandt joining the bank without further comment. Citi representatives declined to comment.