5 Dec 2011
Wells Fargo & Company (NYSE: WFC) has completed its previously announced acquisition of LaCrosse Global Fund Services (LaCrosse), an independently managed hedge fund administration and middle-office service provider, from Cargill.
This acquisition provides Wells Fargo’s corporate trust services division with a complete service offering to the hedge fund and alternative investments markets.
Wells Fargo will maintain the LaCrosse name as well as its global footprint with operating centers and offices in New York, Minneapolis, London, Dublin, Singapore and Jersey.
This acquisition provides Wells Fargo’s corporate trust services division with a complete service offering to the hedge fund and alternative investments markets.
Wells Fargo will maintain the LaCrosse name as well as its global footprint with operating centers and offices in New York, Minneapolis, London, Dublin, Singapore and Jersey.
Doc Walther, head of structured product services in Wells Fargo’s corporate trust services division, said: “The strength of Wells Fargo’s market reputation and existing services combined with LaCrosse’s industry experience and full-service platform forms a compelling offering to the hedge fund industry. We are pleased to have completed this merger and welcome the LaCrosse team to Wells Fargo.”
