Wells Fargo Asset Management has opened its third European office in Frankfurt and appointed Jakob Wiggert as sales director.

Wells Fargo Asset Management has opened its third European office in Frankfurt and appointed Jakob Wiggert as sales director.

Wiggert will be responsible for business development and sales throughout Germany and Austria with a focus on expanding the institutional and wholesale client base and creating sub-advisory opportunities, Wells Fargo said in a statement.

He joins from BNP Paribas Investment Partners, where he served in a similar role. Before this, he was a senior sales manager for Schroders.

Wells Fargo Asset Management opened its first continental European office in Paris earlier this year, serving clients in France, Belgium, Monaco, Luxembourg and French-speaking Switzerland. The firm also has an office in London.   

“As Europe’s second-largest single market for investment funds, Germany is an important destination for Wells Fargo Asset Management, and we have successfully managed assets for global financial institutions based in Germany for 10 years. We also registered our UCITS funds in Germany in June 2012, making our investment strategies available to retail investors through intermediaries,” said Ludger Peters, managing director of international business development at Wells Fargo Asset Management.