Fredrik Axsater to Lead Wells Fargo Asset Management’s Strategic Business Segments Group
March 09 2017 - 9:00AM
Business Wire
Wells Fargo Asset Management (WFAM) announced today that Fredrik
Axsater, CFA, has been appointed executive vice president and head
of Strategic Business Segments.
In this newly created role, Axsater will build a team focused on
establishing a deeper understanding of client needs and growing
three strategic business segments: Defined Contribution (DC);
Environmental, Social, and Corporate Governance (ESG); and
partnerships with the businesses that comprise Wells Fargo’s Wealth
and Investment Management division.
Based in San Francisco, he is expected join the organization in
this new role in the second quarter of this year and will report to
Kristi Mitchem, chief executive officer and head of WFAM. Axsater
most recently served as global head of Defined Contribution and ESG
Businesses for State Street Global Advisors (SSGA).
“Our focus on these key market segments will be integral towards
our goal of creating an organization that can serve our clients now
and into the future,” said Mitchem. “Fredrik brings an exceptional
understanding of the landscape of both the Defined Contribution and
ESG market segments. His expertise, combined with our shared
commitment to solving problems for clients, makes him an ideal
candidate to lead this strategic expansion.”
Axsater had been with SSGA since 2011, when he began as its
global head of Defined Contribution Investment strategy. Prior to
SSGA, Axsater served as the head of Defined Contribution Investment
Strategy and Product Management at BlackRock. Previous roles at
predecessor Barclays Global Investments included chief of staff for
its Global Market Strategies Group and investment strategist and
portfolio manager of a long-short global market strategy in the
Global Advanced Active group. He began his investment career with
Barclays in 1996.
“Wells Fargo Asset Management’s priorities align well with what
I believe clients will want and need in the future,” said Axsater.
“I am excited for the opportunity to be at the heart of this
effort. I look forward to working with others across Wells Fargo to
leverage the organization’s depth of investment expertise and help
clients solve the challenges and problems most important to
them.”
Axsater earned a master’s degree in business administration from
the University of Illinois, Urbana-Champaign and a bachelor’s
degree in electrical engineering from the University of San Diego.
He has earned the right to use the Chartered Financial Analyst®
(CFA®) designation.
About Wells Fargo Asset Management
Wells Fargo Asset Management, a division of Wells Fargo Wealth
and Investment Management, strives to help clients achieve their
financial goals through top-tier investment options managed by
specialized investment teams that are supported by independent risk
management and backed by superior, collaborative service. With more
than $482 billion in assets under management,* Wells Fargo Asset
Management has 29 autonomous investment teams with specialized
expertise and proven processes; more than 500 investment
professionals; and a global reach with offices and clients around
the world.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Founded in 1852 and headquartered in San Francisco, Wells
Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through more than 8,600 locations,
13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and
has offices in 42 countries and territories to support customers
who conduct business in the global economy. With approximately
269,000 team members, Wells Fargo serves one in three households in
the United States. Wells Fargo & Company was ranked No. 27 on
Fortune’s 2016 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy our customers’ financial needs and
help them succeed financially. News, insights and perspectives from
Wells Fargo are also available at Wells Fargo Stories.
* As of December 31, 2016
Wells Fargo Asset Management (WFAM) is a trade name used by the
asset management businesses of Wells Fargo & Company. Wells
Fargo Funds Management, LLC, a wholly owned subsidiary of Wells
Fargo & Company, provides investment advisory and
administrative services for Wells Fargo Funds. Other affiliates of
Wells Fargo & Company provide subadvisory and other services
for the funds. The funds are distributed by Wells Fargo Funds
Distributor, LLC, Member FINRA, an affiliate of Wells Fargo
& Company. Neither Wells Fargo Funds Management nor Wells Fargo
Funds Distributor has fund customer accounts/assets, and neither
provides investment advice/recommendations or acts as an investment
advice fiduciary to any investor.
NOT FDIC INSURED - NO BANK GUARANTEE-MAY LOSE VALUE
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170309005414/en/
Wells Fargo & CompanyJohn Roehm,
415-222-5338john.o.roehm@wellsfargo.com
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Apr 2023 to Apr 2024