Mike Niedermeyer and Karla Rabusch of Wells Fargo Asset Management open trading day in Paris
Wells Fargo Asset Management, part of the Wells Fargo & Company bank, today celebrates the opening of a new Paris office and the appointment of Alexandre Dussaucy as sales director.
Wells Fargo Asset Management offers institutional separate accounts as well as UCITS funds for institutional and retail investors and currently manages $490 billion (€380 billion) globally. Although Wells Fargo has had a presence in France since 1852, this is the first continental European office for the asset management group. The Paris office will bring Wells Fargo Asset Management closer to customers based in France and will enable the company to build capacity to provide more services in the long term.
Alexandre Dussaucy (pictured) is responsible for business development and sales throughout France, Belgium, Luxembourg, Monaco and French–speaking Switzerland and will focus on expanding the institutional and wholesale client base and creating sub-advisory opportunities.
Ludger Peters, managing director, international business development, Wells Fargo Asset Management: “As Europe’s largest market for investment funds, France has always been an important destination for Wells Fargo Asset Management. For almost 10 years we have successfully managed assets for global financial institutions based in France; in fact, our largest international client is a French business. We also registered our UCITS IV-compliant Luxembourg funds in France in January 2013, making our investment strategies available to retail investors in France.
Alexandre has a deep knowledge of investment processes and strong international business development skills. His experience will be invaluable to the development and execution of Wells Fargo Asset Management’s institutional strategy in France, and we look forward to offering investors in France the right products and strategies in what is a highly competitive market."