I know I know who cares about a T3 city and MM bank? The main thing I find interesting is both the city and bank are rapidly climbing. WF is combining all DFW offices into one massive one next year. An alumni who doesn't work in IBD told me they are moving in some IB groups. He isn't sure which ones are coming though. Can anyone confirm this information? Can anyone say which groups will be there? Thank you!
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Based on the most helpful WSO content, there isn't specific information provided about Wells Fargo's plans for their Dallas office or which investment banking groups might be moving there. The context provided focuses on Wells Fargo's IBD groups primarily in New York City and Charlotte, with some mentions of other locations like San Francisco.
For the most accurate and up-to-date information, it might be best to reach out directly to Wells Fargo or connect with more alumni who might have insights into the company's strategic moves in Dallas. Additionally, keeping an eye on industry news and official announcements from Wells Fargo could provide the confirmation and details you're looking for.
Sources: Wells Fargo Groups, Best groups at Wells Fargo IBD 2023?, 2020 Wells Fargo IB Groups?, Info About WF Offices/Groups, Wells Fargo Investment Banking
Bump, interested
grow some balls man
Aight you want me to grow some balls why are you sitting here hating on a simple question and instead of providing a lick of useful information just insist on being a hater. You go get a dam life and stop being a jack ass
I was told dallas/plano offices were basically all back office teams
Actually, since this thread is so old, I can confirm that Industrials and real estate will partly move to Dallas consumer is in the air. But yes, currently, all BO and MO
Not entirely sure Dallas is classified as a T3 city anymore, in fact, according to several sources, it’s actually the 2nd best finance hub in the US now, and passed Chicago. Sure it’s not NYC, but I think it’s better than a T3, same as Houston.
100% Dallas is no where near T3 and frankly should be looked at similarly to Chicago/SF.
Lmao, my dick hard by how much I laughed at this.
Dallas is number 2 due to the shear amount of wealth management and commercial banking in the city plus FP&A. In terms of IB though lags Houston by a mile. That being said in the next year with all the groups moving to the city you could argue T2.
How is Dallas on the same level as Houston? That makes no sense.
Dallas has PE and HF…
WF is building a 2-building campus at Las Colinas' Lake Carolyn community in Irving. It's supposed to open in 2025. 800,000 square feet of office space, 70,000 square feet of amenities, 4,000 parking spaces in the garages. It's going to be 2 10-story buildings, and 3,000 Dallas-area employees are moving there.
We know that but do you have any additional info on which groups and how much of each IB group will be moving in?
Ah my bad. Im in New York so Im not 100% sure, but looking at Corporate Properties Group page we have, they just said "The majority of employees based in the Dallas area will relocate to the new offices by the end of 2025 when the campus is expected to officially open." I think a lot of groups in Dallas are BO/MO or commercial banking groups, but the CIB groups are usually the first ones to get the shiny new stuff. That was the case in NYC with Hudson Yards at least.
Equites in Dallas
NYC money in Dallas or Houston still goes far.
Incoming analyst at Wells within CIB. Unsure if my team is going to be in the new campus but will update once I find out.
The campus looks beautiful and I’m sure it will have amazing amenities but the location absolutely blows for juniors. Las Colinas isn’t the best neighborhood for young people which is going to mean that we’re all gonna have to sit in traffic commuting to the office in the morning.
Personally hoping my team makes the move to the campus but the site selection is kinda strange.
The site was definitely picked to be perfectly between preston Hollow/HP old money and Lake area new money.
For sure, the site is probably the most convenient for senior leadership. Still a little strange considering where other banks like Goldman and BofA are moving to
CRE also in dallas
Thank you for the confirmation!!! Without doxing yourself what's your source?
I'm in CRE and there's a Dallas presence. It's tiny though, only a few juniors and a lot of the top talent is leaving. Some important senior team members sit out of Dallas, but it's certaintly not a hub for CRE.
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