Wells Fargo Corporate and Investment Banking has launched prime trade services group to give clients customised outsourced and agency trading solutions.
The group, coupled with the Wells Fargo prime services platform, will offer alternative and traditional investment managers a team of experienced traders who will act as an extension of their clients’ investment teams.
It will provide clients access to Wells Fargo prime services resources and access to Wells Fargo’s innovative Compass and Sharp technology platforms, which provide comprehensive risk management, reporting solutions and metrics.
The suite of technology and trading products available to prime trade services clients include outsourced trading, technology-driven portfolio management, broad trade execution capabilities in an open trading architecture, and integrated commission management solutions.
According to Wells Fargo, these solutions allow Wells Fargo’s clients to focus on high-value, alpha-generating activities and convert the fixed costs and burdens of managing technology and people to a more efficient and capable, variable cost solution.
Jud Howson, head of prime trade services at Wells Fargo, said: “Wells Fargo has a deep history of providing custom-tailored trading solutions for more than 15 years. This is the natural progression for our platform, as we look to bring the breadth and depth of our bank to our clients, and an exciting time in our industry to further invest in these capabilities.”
