Wells Fargo Appoints SGSS For Luxembourg SICAV

Wells Fargo Asset Management has appointed Societe Generale Securities Services in Italy (SGSS) to act as its correspondent bank for the distribution of the Wells Fargo (Lux) Worldwide Fund, its Luxembourg-registered SICAV, for Italian retail investors.

Wells Fargo Asset Management has a growth strategy to develop its international offerings, specifically to facilitate the firm’s retail offering in Italy.

The Wells Fargo (Lux) Worldwide Fund was launched in 2008 and today has around $3 billion in assets under management.