Rebrand for Wells Fargo Asset Management as acquisition completes
Following the transaction, GTCR and Reverence Capital plan to grow the rebranded firm’s technology platform, wealth distribution network and global footprint.
Following the transaction, GTCR and Reverence Capital plan to grow the rebranded firm’s technology platform, wealth distribution network and global footprint.
GTCR and Reverence Capital Partners agreed to acquire Wells Fargo Asset Management, which will become Allspring Global Investments.
Wells Fargo Asset Management has $603 billion in assets under management and 24 offices globally.
Nico Marais will lead Wells Fargo Asset Management as CEO following the departure of Kristi Mitchem in January this year.
Wai Lee has previously worked at Neuberger Berman, Credit Suisse Asset Management and JP Morgan Investment Management.