LaCrosse Global Fund Services has been rebranded as Wells Fargo Global Fund Services. Wells Fargo acquired the fund administrator in December last year.
Wells Fargo Global Fund Services will continue to provide traditional fund administration services, operational support, derivatives processing, bank debt processing and cash and collateral management.
Our new name reflects Wells Fargos commitment to supporting our suite of hedge fund and private equity industry offerings, says Christopher Kundro, co-head of Wells Fargo Global Fund Services. In addition, our clients are now able to leverage Wells Fargo’s many other offerings for alternative investment managers.
LaCrosse clients will be able to make use of the full range of services offered by Wells Fargo, including custody, cash management, trust, paying agent and other related banking services.
Wells Fargo will also be able to offer prime brokerage services to clients following its acquisition of Merlin Securities, announced in April.
Since Wells Fargo acquired LaCrosse Global Fund Services last year, we have continued to expand our business and integrate with its global platform, says Stuart Feffer, co-head of Wells Fargo Global Fund Services. The new Wells Fargo Global Fund Services branding represents an opportunity to leverage Wells Fargos market reputation with our experience and expertise.
Wells Fargo has more than $25 billion in alternative fund assets under administration services from a global network spanning New York, Minneapolis, London, Dublin, Jersey, Singapore and Hong Kong.
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