Wells Fargo Asset Management, part of the giant US banking group Wells Fargo, has opened a new office in Paris, the business’s first office in continental Europe, and the appointment of Alexandre Dussaucy as sales director.

Wells Fargo Asset Management, part of the giant US banking group Wells Fargo, has opened a new office in Paris, the business’s first office in continental Europe, and the appointment of Alexandre Dussaucy as sales director.

Dussaucy is responsible for business development and sales throughout France, Belgium, Luxembourg, Monaco and French–speaking Switzerland and will focus on expanding the institutional and wholesale client base and creating sub-advisory opportunities.

He joined Wells Fargo Asset Management from Markov Processes International, where from 2007 he was head of sales and client services for Europe, Middle East and Africa. Prior to this, he worked as the head of sales and marketing for Advanced Fund Analysis in Paris and as director of business development at Kasina.

“As Europe’s largest market for investment funds, France has always been an important destination for Wells Fargo Asset Management. For almost 10 years we have successfully managed assets for global financial institutions based in France; in fact, our largest international client is a French business. We also registered our UCITS IV-compliant Luxembourg funds in France in January 2013, making our investment strategies available to retail investors in France,” Ludger Peters, managing director, international business development at the firm, said in a statement.

The office is located at Avenue Hoche in the city; the office is a branch office of Wells Fargo Securities International, whose head office is located at Fenchurch Street, London.