A top Wells Fargo Asset Management [profile] executive is retiring after three decades with the firm and a predecessor firm.

Multiple filings with the SEC confirm that Lyle Fitterer — co-head of global fixed income, head of the WFAM municipal fixed income team, managing director, and senior PM — will leave the company on July 1. He will hand off his PM responsibilities on June 1. Andy Hunt will remain co-head of global fixed income, Pensions & Investments reports, and senior PM Jeffrey Weaver will succeed Fitterer as head of the muni fixed income team.

Fitterer is currently a PM on a host of WFAM funds, including: the Wells Fargo High Yield Municipal Bond Fund; the Wells Fargo Municipal Bond Fund; the Wells Fargo Short-Term Bond Fund; the Wells Fargo Short-Term Municipal Bond Fund; the Wells Fargo Strategic Municipal Bond Fund; the Wells Fargo Ultra Short-Term Income Fund; the Wells Fargo Ultra Short-Term Municipal Income Fund; the Wells Fargo Wisconsin Tax-Free Fund; and many more.

In 1989, Fitterer graduated from the University of North Dakota and joined Strong Capital Management. In 2004, Wells Fargo bought Strong, and Fitterer has worked at WFAM ever since.

Fitterer's departure comes after WFAM CEO Kristi Mitchem left the company last month. 

Edited by: Neil Anderson, Managing Editor


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