⁍ Mark Hebert, the head of high-grade credit trading, has left the company, according to people familiar with the matter.

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⁍ Hebert joined last July after nearly 15 years at Morgan Stanley, where he was an executive director trading corporate bonds and credit-default swaps.

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– One year after joining Wells Fargo as head of high-grade credit trading, Mark Hebert has left the company, sources tell the New York Post. Hebert, who joined the bank from Morgan Stanley last July, worked in credit trading for more than a decade at the investment bank, specializing in the healthcare, pharma, food, and beverage, and consumer sectors, according to his LinkedIn profile. Wells Fargo, which has been struggling since its sales-practices scandal, is reportedly planning $10 billion in cost cuts.