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Wells Fargo Company (NYSE: WFC) announced that the Commission de Surveillance du Secteur Financier (CSSF), the financial regulator of Luxembourg, has granted a non-objection to the expansion of Wells Fargo Asset Management Luxembourg’s (WFAML’s) existing license.
The expansion of WFAML’s license in Luxembourg will permit the provision of discretionary portfolio management and investment advisory services to Wells Fargo Asset Management’s (WFAM’s) European institutional investors. As part of WFAM’s efforts to support its European Union client base, WFAML will broaden its presence with branches in Frankfurt and Paris. “By strengthening the capabilities of WFAM in Luxembourg, along with dedicated WFAM branches in Frankfurt and Paris, we are well positioned to deepen...
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