The company said it hopes the move will strengthen its European sales team.
Alexandre Dussaucy has been appointed as sales director at the office in France. He will responsible for business development and sales throughout France, Belgium, Luxembourg, Monaco and French-speaking Switzerland.
Dussaucy will focus on expanding the institutional and wholesale client base and creating sub-advisory opportunities. He joins from Markov Processes International where he served as executive vice president, head of sales and client services for Europe, the Middle East and Africa from 207. He previously worked for Advanced Fund Analysis in Paris and Kasina in New York.
Ludger Peters, managing director, international business development at Wells Fargo Asset Management, said: “As Europe’s largest market for investment funds, France has always been an important destination for Wells Fargo.
“Alexandre’s experience will be invaluable to the development and execution of Wells Fargo’s institutional strategy in France, and we look forward to offering investors in France the right products and strategies in what is a highly competitive market.”
In February, Wells Fargo set up a team in Dubai, providing a dedicated presence in the region for the first time. Previously, all Dubai related work had been covered from Europe.
At the time, Peters said: “We’ve been covering the Middle East for a long time. It’s obviously a very important market for asset managers and is dominated by some wealth funds that are important clients of ours.”
Wells Fargo Asset Management is part of Wells Fargo & Company, a financial service provider with more than $1.5trn in assets and operations around the globe. In 2008 it launched the Wells Fargo Worldwide Fund to service worldwide investors.
Click here to read International Adviser’s interview with Ludger Peters.
