Read more about Wells Fargo sells asset management biz for $2.1 billion to reshape bank on Business Standard. The company agreed to sell Wells Fargo Asset Management to private equity firms GTCR LLC and Reverence Capital Partners
Exclusive: Wells Fargo AM CEO: We are not going to satisfy clients by cutting costs citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
Wells Fargo & Co. said on Tuesday it had agreed to sell its asset management business, which manages more than $603 billion on behalf of customers, to private equity firms GTCR LLC and Reverence Capital Partners for $2.1 billion.