Wells Fargo Asset Management has selected Societe Generale Securities Services (SGSS) for the distribution of the Wells Fargo (Lux) Worldwide Fund, its Luxembourg-registered SICAV, for retail investors in Italy.
The appointment of SGSS comes as part of Wells Fargo’s growth strategy to develop its international offerings.
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Launched in 20008, the Wells Fargo (Lux) Worldwide Fund now has around US$3billion in assets under management.
In Italy, SGSS offers a range of securities services, including settlement, custody and trustee services, fund administration, middle-office services, risk & performance, liquidity management and transfer agent services.
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