John McElravey, CFA, is a director in the Structured Products Research group at Wells Fargo Securities, LLC, where he is Head of Consumer ABS Research. John has more than 25 years of capital markets experience focusing on Fixed Income and Economic Research and Structured Finance. Prior to joining Wells Fargo in 2007, John was in charge of ABS research, strategy and trading for Asset Allocation & Management Co. in Chicago. From 1997 to 2004, he was a member of the ABS research group at Banc One Capital Markets. Before that, John worked at Duff & Phelps Credit Rating Co. in the ABS ratings group. Early in his career, John was an economic analyst in the economic research departments of the Federal Reserve Banks of Chicago and Cleveland. He also published the home equity and credit card ABS chapters in The Handbook of Fixed Income Securities, 7th edition. John has an MBA from the University of Chicago Booth School of Business and a BA in economics and philosophy from Saint Louis University.