Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:WFAM Sort of Dodges the Wells Fargo Reorg Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 12, 2020

WFAM Sort of Dodges the Wells Fargo Reorg

Reported by Neil Anderson, Managing Editor

The team at Wells Fargo Asset Management (WFAM) [profile] is dodging the big Wells Fargo reorg ... sort of.

Nicolaas Marais
Wells Fargo Asset Management
CEO
Yesterday, Charlie Scharf, CEO of Wells Fargo & Company, unveiled a switch from three business lines to five. Wealth and investment management, which includes WFAM (as well as the wirehouse and private bank), will remain one of the business lines, yet Scharf is looking for a new chief for WIM. Jon Weiss, head of WIM, will become CEO of one of the newly separated business lines, corporate and investment banking (CIB).

Weiss will remain interim CEO of WIM, for now. Yet the hunt is on for a new head of the unit, who will in turn report to Scharf.

As of September 30, 2019, WFAM had more than 1,500 people across 24 offices working with $503 billion in AUM. It is led by CEO Nico Marais, who reports to Weiss. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use