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Wells Fargo Asset Management sold to private equity for $2 1 billion

The $603 billion Wells Fargo Asset Management business is being acquired by two private equity firms, GTCR and Reverence, for $2.1 billion.

Barry sommersTodd rosenbluthMilton berlinskiMark brunoJoseph sullivanNico maraisLegg masonWells fargo coWells fargoWells fargo asset managementReverence capitalInvestment managementEchelon partnersபாரி சோமர்ஸ்டாட் ரோசேண்ப்ளுத்குறி புருனோ

Wells Fargo to Sell Asset Management Division

The bank plans to deal the segment, which has more than $600 billion in assets under management, to two private equity firms.

Barry sommersWells fargoReverence capital partnersபாரி சோமர்ஸ்கிணறுகள் ஃபார்கோபயபக்தி மூலதனம் கூட்டாளர்கள்

Wells Fargo sheds its asset manager as Scharf reshapes bank

Wells Fargo plans to sell its asset-management business to two private equity firms, part of Chief Executive Officer Charlie Scharf's efforts to dump non-essential operations and help the bank emerge from years of scandals.

United statesBarry sommersCharlie scharfMorgan stanleyGoldman sachs groupBlackstone groupFederal reserveEaton vance corpWells fargoChief executive charlie scharfReverence capital partnersWells fargo asset managementApollo global managementFrancisco based wells fargoEaton vanceGoldman sachs

Wells Fargo sells asset management arm for $2bn

Wells Fargo sells asset management arm for $2bn
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Barry sommersJoseph sullivanNico maraisLegg masonWells fargoReverence capital partnersFargo asset managementReverence capitalInvestment managementபாரி சோமர்ஸ்ஜோசப் சல்லிவன்நிகோ மரைஸ்கால் கொத்தனார்கிணறுகள் ஃபார்கோபயபக்தி மூலதனம் கூட்டாளர்கள்ஃபார்கோ சொத்து மேலாண்மை

Wells Fargo sells asset manager for US$2 1B to reshape bank

Wells Fargo sells asset manager for US$2 1B to reshape bank
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United statesBarry sommersCharlie scharfMorgan stanleyGoldman sachs group incEaton vance corpFederal reserveAmerica corpApollo global management incJpmorgan chase coWells fargo coBlackstone group incCitigroup incWells fargoChief executive officer charlie scharfReverence capital partners