14 December 2012

Wells Fargo Global Fund Services Opens Office in Hong Kong

- Located in Wells Fargo’s existing local office 
- Johnson Har will lead the Hong Kong office

Hong Kong – 12 December 2012 (BUSINESS WIRE) - Wells Fargo Global Fund Services today announced the opening of an office in Hong Kong. 

The Hong Kong presence of Wells Fargo Global Fund Services will be located in Wells Fargo’s existing local office, which is at 23rd Floor, AIA Central, 1 Connaught Rd Central. The Global Fund Services’ platform utilizes a robust platform and technology that provides traditional fund administration services, operational support, derivatives processing, bank debt processing, and cash/collateral management to alternative investment and private equity firms. 

We are committed to supporting our suite of industry offerings throughout the Asian region,” said Celia Choh, head of Fund Services Asia. “This expanded local presence is carefully integrated into our global platform, which leverages Wells Fargo’s market experience and expertise.” 

Johnson Har will lead the Hong Kong office. He joined Wells Fargo as a Vice President in August from Custom House Global Fund Services. His financial services industry experience also includes sales and business development positions at Newedge Group and HSBC Institutional Trust Service in Hong Kong. 

Wells Fargo Global Fund Services administers more than $25 billion in alternative fund assets, covering a wide range of strategies traded by global portfolio managers including equity, macro, commodities, fixed income, credit, distressed, structured credit, private equity, and real estate. The work processes follow the sun through a global network of offices located in Hong Kong, Singapore, London, Dublin, Jersey, New York and Minneapolis providing fund managers and investors with 24 hour/6 days a week support. 

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet, and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. 

Source: Wells Fargo