Wells Fargo Asset Management (WFAM) has announced that Yeng Felipe Butler will join the firm as head of WFAM's Liquidity Client Group.
Butler, who will be based in Boston, MA, will report to Nico Marais, CEO of WFAM.
As head of WFAM's Liquidity Client Group, Butler will manage WFAM's short-duration and cash management business, which has approximately $156bn in assets under management (AUM) and includes capabilities such as money market mutual funds and customized liquidity accounts. As the search for yield continues and clients place an increasing premium on the safety and stability of their investments, the Liquidity Client Group will play a key role in WFAM's product lineup.
Butler joins WFAM from State Street Global Advisors, where she most recently served as global head of Cash Business, overseeing a global team of 30 short-term fixed income investment sales professionals. In her nearly nine years with State Street, Butler held a number of roles, including strategic leader for Fiduciary Advisory Solutions and head of US Cash Business. She began her career in sales and marketing with Merrill Lynch.