US giant expanding wealth management to Asia

Wells Fargo''s regional investments head outlines the firm''s ambitions for institutional and high-net worth money.

Wells Fargo Bank has, um, Wells Fargo-sized ambitions for its Asian asset management business. The US banking giant has a market cap of $82 billion, making it the third-largest financial institution in the US and number four in the world. It is a huge money manager back home, with a $114 billion global institutional business, assets of over $140 billion in its private banking business, and another $95 billion under management in its US mutual funds operation.

Early...

To continue reading, please login or register for free

Click for more on: us | giant | expanding | wealth | management | asia

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...