Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Investment

Wells Fargo sells asset management business

Wells Fargo has entered into a definitive agreement to sell Wells Fargo Asset Management (WFAM) to GTCR and Reverence Capital Partners for US$2.1 billion, while also offloading four of its closed-end funds.

Upgrade your subscription to access this article

And gain access to:
  • All archived news content
  • Access to the Financial Standard app
  • Home page news customisation
  • Financial Standard 's fortnightly newspaper
  • 25% discount on tickets to networking events
And more
Already A Subscriber?

Read more: WFAMGTCRWells Fargo Asset ManagementReverence Capital PartnersNico MaraisCollin RocheBarry SommersLegg MasonJoseph SullivanMilton Berlinski