Wells Fargo Asset Management has announced the opening of a new office in Frankfurt and the appointment of Jakob Wiggert (pictured) as sales director Germany and Austria.
Wells Fargo manages round $490bn (€380bn) in assets globally, among which €2bn in Germany, the Frankfurt office will be its third office in Europe, in addition to its Paris and London offices.
Wiggert will be in charge of business development and sales throughout Germany and Austria and will focus on expanding the institutional and wholesale client base and creating sub-advisory opportunities.
He joins Wells Fargo Asset Management from BNP Paribas Investment Partners, where he served in a similar role since 2007. Prior to this, he worked as a senior sales manager for Schroders. Overall he has more than 20 years of experience in the financial industry.