GTCR and Reverence Capital Partners to Acquire Wells Fargo Asset Management
Leading private equity firms to partner with management, portfolio managers, and employees to establish the Wells Fargo unit as an independent company
- As an independent company, Wells Fargo Asset Management will operate with the singular focus of best serving the needs of its global institutional, retirement, and wealth management clients
- GTCR and Reverence Capital are focused on investing in the franchise to support sustained growth of the business, building upon the company s culture of investment performance, innovative solutions, and client service
- The business will continue be led by CEO Nico Marais and other senior managers of WFAM