Wells Fargo Corporate & Investment Banking announced the launch of its Prime Trade Services group.
The Prime Trade Services group will offer alternative and traditional investment managers a team of dedicated, experienced traders who will act as an extension of their clients’ investment teams. The group will give clients access to Wells Fargo Prime Services resources — including business consulting and capital introductions — and access to Wells Fargo’s innovative COMPASS and SHARP technology platforms, which provide comprehensive risk management, reporting solutions and metrics.
“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,” said Jud Howson, head of Prime Trade Services at Wells Fargo. “Our trading team averages more than 20 years of experience, and we have been together in a bicoastal, distributed structure for more than 10 years. In addition, the technical capabilities and the products and services of our world-class Prime Services platform give us a distinct advantage.”
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.
Prime Trade Services’ comprehensive high- and low-touch outsourced trading solutions are designed to deliver sophisticated and scalable trading resources to firms ranging from startups to complex institutional platforms, and can either execute the entire trading function or supplement the client’s in-house trading desk. 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.
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