Wells Fargo Asset Management’s closed-end funds will change their names to include the name Allspring, with the name change expected to go into effect on Oct. 11. Wells Fargo Asset Management will also change its name to Allspring Global Investments.
Wells Fargo Asset Management launched a climate transition global investment grade credit strategy to help investors simultaneously achieve their climate and financial goals, with a focus on supporting the ‘climate transition’ and the decarbonization of the economy.
Yeng Felipe Butler will join Wells Fargo as head of WFAM’s Liquidity Client Group. Butler will be based in Boston and report to Nico Marais, CEO of WFAM.
Peter Weidner will join Wells Fargo Asset Management as head of Factor Solutions within the Multi-Asset Solutions team, and Mark Brandreth will join as a senior portfolio manager within the Multi-Asset Solutions team. Both will be based in London, and both join the firm from the Schroders multi-asset team.
Wells Fargo Asset Management has tapped Fredrik Axsater as executive vice president and head of Strategic Business Segments.