Bringing you live news and features since 2006 

Wells Fargo launches fund services product line

RELATED TOPICS​

Wells Fargo Bank has launched a fund services product line within its corporate trust services business to address customers’ fund administration needs.



Wells Fargo Fund Services provides fund administration services including a full suite of back, middle and front-office products and services to private equity firms, exchange-traded commodities, commodity funds, hedge funds, fund of funds and the structured finance marketplace.

Jorge Villalba, a 12-year industry veteran, recently joined Wells Fargo to lead the fund services group. Tom Gandolfo is head of sales.

The team is based in Columbia, Maryland; Houston, Texas; and New York City. Additional hiring is anticipated by year-end.

"We’re pleased to offer our hedge fund customers another option for their specific financial services needs," says Brian Bartlett, head of Wells Fargo’s corporate trust services. "Our deep experience administering fixed income and bank debt products combined with our investment in first-rate technology and talent has produced a unique and compelling suite of fund services that adds tremendous value to our customers."

Services include reconciling the fund with third parties such as prime brokers, processing portfolio transactions, calculation and reporting on net asset valuations, monthly financial statement preparation and distribution, and full investor services including maintaining the share register and investor registration details.

Wells Fargo Fund Services gathers data from numerous third-party sources, consolidates the data and presents it to the fund manager in a daily, weekly or monthly report based on their needs.

Latest News

REX Shares has announced a strategic reorganisation that integrates its REX Shares, MicroSectors, and T-REX products, as well as REX..
Allspring Global Investments writes that as it builds an investment platform for the future, it has filed for exemptive relief..
LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..

Related Articles

Marcus Wayerer, Franklin Templeton
Franklin Templeton says that emerging markets are navigating a tricky environment at the moment, due to factors such as the...
Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by