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

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

Rating:Wells Fargo Outlines Strong Plans Not Rated 1.0 Email Routing List Email & Route  Print Print
Thursday, May 27, 2004

Wells Fargo Outlines Strong Plans

by: Theresa Sim

A document sent out to financial advisers and intermediaries called "Q&A About the Wells Fargo Acquisition of Strong" helps fill out the details of Wells Fargo's acquisition of Strong Financial, which was announced on Wednesday.

Strong's investment teams will fold into Wells Capital Management (WellsCap), with Bob Bissell as president and Kirk Hartman as chief investment officer of that group. The institutional side will report to Mike Nediermeyer, head of Wells Fargo Institutional Investment Services. Wells Fargo Funds Management will advise and administer Strong's funds. That group is headed by Karla Rabusch.

"The majority of key investment professionals from the Strong teams have embraced the transaction and have committed to join WellsCap. WellsCap will provide continuity of current compensation arrangements" stated Wells Fargo officials.

There are no plans to physically move any of the investment team offices. WellsCap has 17 offices in eight cities.

What will happen to the Strong name? Wells Fargo has yet to decide the fate of Strong's brand, but in terms of products, the bank stated "we are comfortable with modest product overlap and respect established client relationships." 

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

1.0
 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