Peregrine Communications has been appointed by Wells Fargo Asset Management (WFAM) to support the firm’s communications and media relations in Europe and Asia, targeting the retail, wealth management and institutional markets.
Peregrine was selected to manage the WFAM account after a six-way competitive proposal and pitch process. Peregrine’s WFAM account team is led by Paul Wynne, Karolis Adomaitis and Aryna Kastavetskaya.
Anthony Payne, CEO of Peregrine Communications said: “We are very excited to have been trusted by one of the world’s leading asset management brands to help strengthen awareness of their unique capabilities and strengths in Europe. We believe that this is testament to our rigorous and specialist focus on asset management and to the strength and capability of the team that we have developed at Peregrine.”
With over $453 billion in assets under management, WFAM has more than 35 autonomous investment teams with specialised expertise and proven track records; 1,700 dedicated team members, including more than 500 investment professionals; and a global reach with offices and clients around the world.
“We are very excited to have been trusted by one of the world’s leading asset management brands to help strengthen awareness of their unique capabilities and strengths in Europe.”
WFAM is part of Wells Fargo & Company, a highly diversified financial services company with more than US $1.3 trillion in assets and operations that span the globe. Wells Fargo is one of the largest banks in the US and has a legacy spanning 160 years in the financial services sector. The company offers banking, insurance, investments, and mortgage products through a network of more than 9,000 stores and other distribution channels.
Since 2008, Wells Fargo has launched seven investment sub-funds under the Wells Fargo (Lux) Worldwide Fund and in June 2012, the firm extended its international offerings with six new sub-funds. With this expanded range of investments, Wells Fargo Asset Management brings a strong legacy and heritage to investors in various locations worldwide, offering a diverse group of international funds that help investors navigate an ever-changing investment landscape. WFAM offers retail investors an institutional-style multi-boutique structure where each investment team is completely independent and autonomous, enabling them to focus on their individual strengths so they can do what they do best: pursue consistent, risk-adjusted performance. This is complemented by a multi-layered approach to risk management, creating a culture of accountability and consistent results.
The six new sub-funds are: Emerging Markets Equity II Fund, Emerging Markets Income and Growth Fund, Global Opportunity Bond Fund, Precious Metals Fund, US Premier Growth Fund and US Short-Term High Yield Bond Fund.