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Sovereign Wealth Funds Briefing - Categorized | Market

Wells Fargo targets Mideast wealth funds in Dubai expansion

Posted on 06 February 2013

Wells Fargo & Co. (WFC), the U.S. bank that counts billionaire Warren Buffett’s company as its largest shareholder, is targeting Persian Gulf sovereign-wealth funds as it seeks to expand its client base in the Middle East.
“We are keeping our focus on banks and investment banks, and also plan to target sovereign-wealth funds in the U.A.E. and Qatar,” Shoar Hassan, the bank’s senior executive officer and regional manager for Middle East and North Africa, said yesterday in an interview in Dubai. “We’re looking at what’s worked well for us in the U.S. and are bringing it to the Middle East. We want to deepen our wallet with our clients.”……………………………………….Full Article: Source


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