Wells Fargo sold Eastdil Secured to Guggenheim and Temasek.

Wells Fargo, an American multinational financial services company, sold Eastdil Secured, its private real estate investment banking division, to Guggenheim Partners, a global investment and advisory financial services firm, and Temasek, a Singaporean holding company. Financial terms were not disclosed. “The breadth and depth of Wells Fargo’s Commercial Real Estate platform is unmatched in the industry, and our CRE team looks forward to partnering closely with the new REGAL investment banking coverage group to continue delivering a comprehensive and seamless suite of financing solutions and advice to commercial real estate clients,” said Mark Myers, head of Wells Fargo Commercial Real Estate.