Wells Fargo AM becomes Allspring Global Investment as CEO retires

$587bn AUM

James Baxter-Derrington
clock • 1 min read
Although originally confirmed to remain in role, Marais has retired as CEO and will stay on as a senior adviser
Image:

Although originally confirmed to remain in role, Marais has retired as CEO and will stay on as a senior adviser

Wells Fargo Asset Management has officially commenced operations as Allspring Global Investments, eight months after the firm was bought by a duo of private equity firms.

The fund house began trading under the new name from 1 November and has inherited assets under management of more than $587bn, offering institutional and wealth management clients a range of investment...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Smouha manages the GAM Star Credit Opportunities fund

GAM's Anthony Smouha named FE Alpha Manager of the Year

One of two wins for Smouha

clock 19 May 2022 • 1 min read
Jake Moeller, Paul Angell and Alex Farlow of Square Mile

Square Mile: Q1 fund manager sentiment

Savage rotation

Square Mile
clock 19 May 2022 • 4 min read
Thu Ha Chow of Robeco

Robeco launches SDG-aligned Asian Bonds fund

Thu Ha Chow and Reinout Schapers

clock 18 May 2022 • 1 min read
Trustpilot