Spencer_Langston

Spencer Langston

Managing Director, Wells Fargo Bank N.A.

Spencer Langston is the Derivatives Lead for the LIBOR Transition Office (LTO), a position he has held since May 2018. The LTO is charged with developing and directing the execution of a coordinated strategy to transition the numerous LIBOR-based products and processes across Wells Fargo to alternative reference rates. Among other things, the LTO is responsible for ensuring that Wells Fargo is appropriately represented on industry groups and regulatory committees related to LIBOR transition, communicating clearly and proactively with customers and other stakeholders, and managing the accounting, financial, legal and operational risks related to the transition. The Derivatives Lead for the LTO develops and executes a coordinated strategy to transition the numerous LIBOR based hedging product and processes to the Secured Overnight Financing Rate (SOFR) and the other global alternative rates.

Spencer has over 20 years of experience in banking and capital markets. Immediately prior to working in the LTO, he structured and marketed interest rate derivative products to various financial institutions as a member of Wells Fargo’s Macro group within the Corporate and Investment Bank. Prior to that, Mr. Langston was a banker in Wells Fargo’s Asset Backed Finance & Securitization group. Spencer joined Wells Fargo in 1998. He was awarded a bachelor’s degree from Carleton College and a Master of Business Administration from the University of North Carolina Chapel Hill. Mr. Langston also has held a CFA charter. Spencer is a math tutor in high-poverty elementary schools and is based in Charlotte, NC.


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