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
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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...

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