Wells Fargo AM aims to expand distribution in Asia
The firm's asset management business, still relatively new to Asia, will selectively add to its distribution staff in Hong Kong to pitch its funds to institutions and private banks.
US bank Wells Fargo Asset Management is in the early stages of expanding its distribution footprint in Asia Pacific.
While the bank has had a presence in Hong Kong for over 40 years, it has only recently started to bulk out its asset management arm as it seeks to add more Asian investors to its client base, its president Karla Rabusch tells AsianInvestor.
Expanding in Asia falls into the firm’s overall growth plans, which include doubling assets from to $920 billion by 2020 from…
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