About Us

Wells Fargo Asset Management strives to help our clients achieve their financial goals through top-tier investment solutions managed by specialized investment teams and backed by superior, collaborative service.

Autonomous investment teams

Our investment approach centers on autonomous investment teams that maintain their own independent research, idea-generation, and decision-making processes. We believe in allowing teams to focus on what they do best—manage money—while supporting them with centralized infrastructure resources, including compliance, technology, and distribution.

Rigorous and extensive risk controls

Our independent investment risk management approach provides a consistent, unbiased framework for analyzing and balancing risk in portfolios. Portfolio management teams benefit from multiple layers of oversight, which range from specific portfolio guidelines to meet both client needs and legal parameters; attention to risk controls at the portfolio management level; and firm-level oversight.

Solutions for clients

We offer the expertise of over 29 investment teams—each focused on specialized, niche portfolio management strategies—to meet the diverse needs of our clients. Collectively, they provide clients with a broad array of investment options across all major asset classes, including actively managed equity, fixed-income, liquidity, stable value, and alternative investments. Investment strategies are accessible through a variety of product structures, including institutional separate accounts, retail separately managed accounts, mutual funds (open-end, closed-end, variable trust), private funds (hedge funds, commingled investment vehicles, medium term note programs), and Luxembourg-domiciled funds (UCITS).

In bringing together broad-based business perspectives, our senior leaders create value for our business partners, clients, and fund shareholders.

Executive management team

  • Kristi Mitchem

    Kristi Mitchem
    Chief Executive Officer and Head of Wells Fargo Asset Management
    Wells Fargo & Company

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    As chief executive officer and head of Wells Fargo Asset Management, Kristi Mitchem oversees 29 autonomous investment teams with specialized expertise and proven processes, leads more than 500 investment professionals, and maintains the firm’s global reach with offices and clients around the world. Prior to joining Wells Fargo in 2016, Ms. Mitchem served as executive vice president, head of the Americas Institutional Client Group, and member of the Executive Management Group at State Street Global Advisors (SSGA), the investment management arm of State Street Corporation. Before joining SSGA, Ms. Mitchem worked at BlackRock (and the former Barclays Global Investors) as a managing director and head of the U.S. Defined Contribution business and as the head of U.S. Transition Services. She began her career at Goldman Sachs, where she held various sales and management roles over the course of nine years.

    Ms. Mitchem was named one of Treasury & Risk’s Top 100 Influential People in 2008. She earned a bachelor’s degree in political science from Davidson College, where she graduated summa cum laude and was awarded First Honors. Ms. Mitchem earned a master’s degree in business administration from Stanford Graduate School of Business, where she was an Arjay Miller Scholar. She is also a Fulbright Scholar.

  • Ravi Arulanantham

    Ravi Arulanantham
    Head of Strategy and Product Development
    Wells Fargo Asset Management

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    Ravi Arulanantham is head of Strategy and Product Development for Wells Fargo Asset Management. As head of Strategy, Mr. Arulanantham is responsible for overall firm strategic initiatives. As head of Product Development, he is responsible for designing, researching, and testing new product solutions to meet the needs of clients. Mr. Arulanantham earned a bachelor’s degree with high honors in chemistry from Dartmouth College and a master's degree with distinction in economics from the University of Cambridge.

  • Fredrik Axsater

    Fredrik Axsater, CFA
    Executive Vice President, Wells Fargo Asset Management
    Head of Strategic Business Segments

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    Fredrik Axsater is responsible for growing key Wells Fargo Asset Management (WFAM) businesses, including Defined Contribution (DC) and Environmental, Social, and Governance (ESG) investing. He leads a client-focused group, providing the thought leadership, innovation, and holistic solutions to meet the needs of clients.

    Mr. Axsater joined WFAM in 2017 from State Street Global Advisors, where he served most recently as the global head of the DC and ESG businesses. Mr. Axsater earned a bachelor’s degree in electrical engineering from the University of San Diego, a master’s degree in business administration from the University of Illinois, and has earned the right to use the Chartered Financial Analyst® (CFA®) designation.

  • Wayne Badorf

    Wayne Badorf, CFP®, CFS
    Executive Vice President, Wells Fargo & Company
    Head of Intermediary Distribution, Wells Fargo Asset Management

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    Wayne Badorf is head of Intermediary Distribution for Wells Fargo Asset Management. He is responsible for strategic and leadership initiatives across the organization, as well as the distribution of mutual funds and separately managed accounts (SMAs) through national, regional, and independent broker/dealers; private banks; institutional clients; retirement platforms; and registered investment advisors. Wayne joined Wells Fargo in 2004 and has more than 25 years of investment management industry experience

  • Deirdre Flood

    Deirdre Flood, CFA
    Executive Vice President, Wells Fargo & Company
    Head of International Distribution, Wells Fargo Asset Management

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    Deirdre Flood is the head of International Distribution for Wells Fargo Asset Management. In this role, she is responsible for the design and strategic direction of WFAM's international business. Ms. Flood leads teams of professionals across the globe that work with institutional and intermediary clients to understand the clients' investment goals and provide the appropriate investment and multi-asset expertise to pursue those goals.

    Ms. Flood joined Wells Fargo Asset Management from Evergreen Investments, where she served as a consultant relations director for the European market and the Western U.S. She began her investment industry career in 1999 with Bank of Ireland Asset Management (U.S. Limited) where she served as a vice president of sales and client management. She earned a bachelor's degree in economics and French from University College Dublin. Ms. Flood has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of the London Society of Financial Analysts.

  • Kirk Hartman

    Kirk Hartman
    Global Chief Investment Officer, Wells Fargo Asset Management

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    As global chief investment officer of Wells Fargo Asset Management, Kirk Hartman oversees all single asset class investment teams across fixed-income and equities. Prior to his current role, Mr. Hartman served as the chief investment officer of Wells Capital Management since 2002. A veteran of the investment industry, Mr. Hartman began his career in 1981. Before joining Wells Fargo Asset Management, he was managing director of fixed income at Banc of America Capital Management, LLC, where he was responsible for $150 billion in assets under management. Mr. Hartman was also formerly the chief investment officer of the Private Bank at Bank of America. Earlier in his career, Mr. Hartman served as a managing director and co-chief operating officer at Lehman Brothers Global Asset Management. Prior to that, he was president of E. F. Hutton Risk Management Inc. Mr. Hartman earned a bachelor's degree from Amherst College and a master's degree from the University of Chicago. He also earned a master's degree in business administration from the Kellogg School of Management at Northwestern University.

  • Steven Jegier

    Steven Jegier
    Executive Vice President, Wells Fargo & Company
    Chief Operating Officer

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    Mr. Jegier and his team are responsible for the day-to-day management of the firm, with a focus on transformation management, overall firm strategy, data, operations, and product management. Mr. Jegier previously served as head of Strategy for the Wealth and Investment Management division of Wells Fargo. He led a team of more than 30 strategic business consultants, analysts, and program managers focused on driving organic growth for the division. Mr. Jegier previously served as director of Retirement Strategic Services, where he led overall strategy development, strategic planning, and the execution of strategic initiatives. Mr. Jegier joined the predecessor organization Wachovia in 2003 as director of Strategic Consulting for the Capital Management Group, where he led enterprise-wide initiatives on high-impact opportunities for the retail brokerage, retirement, and asset management businesses. Before joining Wells Fargo, Mr. Jegier served as co-founder and president of Market Velocity, an e-commerce inventory management services company. He earned a master’s degree in business administration with an emphasis in marketing and international management from Columbia Business School in New York and a bachelor’s degree in finance from the University of Notre Dame in Indiana.

  • Nicolaas Marais

    Nicolaas Marais, CFA
    President, Wells Fargo Asset Management
    Head of Multi-Asset Class Solutions and New Product Research & Development

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    As head of Multi-Asset Class Solutions and New Product Research & Development, Mr. Marais’s team focuses on the development and management of strong multi-asset-class solutions and oversees product development and research to ensure future-focused offerings across asset classes, geographies, and investment products. Mr. Marais most recently served as the global head of Multi-Asset Investments and Portfolio Solutions at Schroders, leading a U.K.-centric Diversified Growth and Liability Driven Investing division into a Global Multi-Asset and Solutions business. Before his five years with Schroders, Mr. Marais was global head of Active Portfolio Management at BlackRock Multi-Asset and Client Solutions. Before that, he held several leadership roles with Barclays Global Investors, including global head of Investment Strategy, head of Active Equity-Europe, head of Investment Strategy U.K./Europe, and head of Active Equity Product Management. Mr. Marais holds his doctorate of commerce in economics from the University of South Africa. He earned master’s and bachelor’s degrees from Stellenbosch University, South Africa, and an advanced diploma in international economic policy research from the Kiel Institute of World Economics in Germany. He also has earned the right to use the Chartered Financial Analyst® (CFA®) designation.

  • Andrew Owen

    Andrew Owen, CFA
    Executive Vice President, Wells Fargo & Company
    Head of Short Duration and Insurance Distribution, Wells Fargo Asset Management
    President, Wells Fargo Funds

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    Andrew Owen is the head of Short Duration and Insurance Distribution for Wells Fargo Asset Management. In this role, he oversees the stable value, short duration, balance sheet, and insurance client segments for the firm. In addition, Mr. Owen oversees the firm’s relationship with The Rock Creek Group, an affiliate of Wells Fargo. Mr. Owen also serves as president of Wells Fargo Funds and is the primary contact for the nine-person, independent Wells Fargo Funds Board of Trustees. In this role, he is responsible for the Sarbanes-Oxley duties of reviewing and approving Wells Fargo Funds financial reports and authorizes the filing of fund registration statements with the SEC.

    Mr. Owen has been with Wells Fargo since 1992, serving in various roles including controller, portfolio manager, and head of Product and Investments. He earned a bachelor's degree from the University of Pennsylvania and a master's degree in business administration from the University of Michigan. He has earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Institute.

  • René S. Picazo

    René S. Picazo
    Executive Vice President, Wells Fargo & Company
    Head of Principal Partnerships, Wells Fargo Asset Management

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    As head of Principal Partnerships, René Picazo is responsible for some of the firm’s largest and most complex client relationships. His responsibilities include U.S. Consultant Relations, Sub-Advisory, and U.S. Healthcare practices. Mr. Picazo also oversees the relationships and engagement with the businesses that make up Wells Fargo’s Wealth and Investment Management division. Mr. Picazo joined WFAM in late 2017 from Wells Fargo Securities where he was responsible for key institutional relationships. He has more than 10 years of investment-industry leadership and more than 20 years of experience in the financial markets. Mr. Picazo earned a bachelor’s degree in government from Georgetown University in Washington D.C. He holds Series 7, Series 63, and Series 79 FINRA licenses.

  • Michael Whitaker

    Michael Whitaker, CPA
    Senior Vice President
    Chief Compliance Officer, Wells Fargo Asset Management

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    Michael Whitaker is the chief compliance officer for Wells Fargo Asset Management, responsible for all compliance activities and oversight. In addition, Mr. Whitaker is the chief compliance officer for Wells Fargo Funds and is responsible for oversight reporting to the Wells Fargo Funds Board of Trustees. Mr. Whitaker also is responsible for all compliance activities and oversight of Wells Fargo Investment Institute. Mr. Whitaker earned a bachelor’s degree with honors in business administration from the University of Notre Dame and a juris doctorate degree cum laude from Cornell University. He is admitted into the Massachusetts and New York bars and is a certified public accountant (CPA) in the state of New York.

Wells Capital Management, Incorporated

Wells Capital Management is an institutional asset management firm committed to delivering superior investment service to our clients globally. Independent, focused investment teams actively manage domestic and global equity and fixed-income portfolios for corporations, pension plans, endowments, foundations, public agencies, health care, sovereign organizations, mutual fund companies, insurance companies, and operating funds.

Wells Fargo Funds

Through the standards of integrity and service established by our parent company, Wells Fargo & Company; the expertise of independent investment teams and rigorous ongoing investment review; and a long-standing commitment to a collaborative level of superior service, Wells Fargo Funds seeks to skillfully guide institutions, financial advisors, and individuals through the investment terrain to help them with their financial objectives.

Analytic Investors, LLC

Analytic Investors is widely recognized for a commitment to innovative investment research, disciplined quantitative methods, and an ability to implement sophisticated trading and portfolio management strategies. Our institutional heritage and time-tested strategies complement a variety of investment objectives in today's increasingly complex global arena.

Galliard Capital Management, Incorporated

Galliard Capital Management focuses exclusively on providing fixed-income and stable value investment management services to institutional investors based on the belief that sustainable success stems from remaining faithful to sound, time-tested processes and the principle of defense, while incorporating new ideas and strategies in ever-changing markets.

Wells Fargo (Lux) Worldwide Fund

In an increasingly complex and ever-changing investment environment, we know that the best results for our clients can only be achieved through deep, collaborative partnerships. With expertise in all traditional asset classes, the Wells Fargo (Lux) Worldwide Fund offers investors around the globe a wide range of investment solutions that can be customized to meet their evolving needs.

Wells Fargo Asset Management Luxembourg SA

Wells Fargo Asset Management Luxembourg SA is authorized by the Commission de Surveillance du Secteur Financier in Luxembourg to provide management company services for Wells Fargo’s Luxembourg-domiciled funds, which are distributed globally. Offering materials may be obtained upon request and free of charges from Wells Fargo Asset Management Luxembourg SA, 19, rue de Bitbourg, L-1273 Luxembourg, or by visiting the Wells Fargo (Lux) Worldwide Fund and ECM websites.

Key stats

  • Over 29 autonomous investment teams with specialized expertise and proven processes
  • Over 1,300 dedicated team members, including more than 500 investment professionals
  • A global reach with offices and clients around the world