Business Wire

WELLS-FARGO

Share
Wells Fargo Seeks Investment Firm License from the French Prudential Supervision and Resolution Authority (ACPR)

`Wells Fargo & Company (NYSE: WFC ), today announced it has applied for its investment firm license from the French Prudential Supervision and Resolution Authority (Autorité de Contrôle Prudentiel et de Résolution; ACPR), which is responsible for supervising the French banking and insurance sectors. This announcement is part of the company’s Brexit strategy, which is predicated on supporting the capital markets and investment banking needs of Wells Fargo’s customers in a post Brexit environment.

“With Brexit on the horizon, Wells Fargo is committed to providing a transition, which is as seamless as possible, for its markets and investment banking customers within the European Union (EU) and European Economic Area (EEA),” said Alicia Reyes, head of Wells Fargo Securities in Europe, Middle East and Africa. “Wells Fargo has been present in Europe for many decades, and during this time, we have strengthened our relationships with our local authorities and deepened our customer base. Through Wells Fargo Securities Europe, we expect to leverage our network in the region and beyond by establishing a Paris hub in continental Europe.”

Subject to regulatory approval by the ACPR, the investment firm license will be held by Wells Fargo Securities Europe S.A. (WFSE) in Paris, France. It is intended that WFSE - which will be a new subsidiary of Wells Fargo - will offer a range of capital markets and investment banking services to its European and international customers that require access to the EU and the EEA.

“I welcome the decision of Wells Fargo to choose Paris as the hub for its trading activities. The creation of a European hub in Paris for its trading activities will allow Wells Fargo to benefit from the deep liquidity of markets, as well as a positive ecosystem including the strong talent pool in Paris,” said Bruno Le Maire, Minister for Economy and Finances of France.

Authorised and regulated by the UK Financial Conduct Authority (FCA), Wells Fargo Securities International Limited (WFSIL) is currently the Company’s broker dealer in the UK and provides equities; fixed income, currencies sales and trading; futures clearing and execution; debt capital markets origination; and investment banking advisory services to customers within the EU/EEA. Post Brexit, when Britain leaves EU in March 2019, customers from the UK and most non-EU markets will continue to be served in the UK by WFSIL.

Further announcements on Wells Fargo’s Brexit strategy are expected to be made in the near future.

About Wells Fargo Securities

Wells Fargo Securities delivers a comprehensive set of capital markets and advisory products and services, including public debt and equity origination and distribution, investment research, interest rate, commodity and equity risk hedging, mergers and acquisitions advice, prime services, structured lending facilities, foreign exchange services, and municipal bond origination. Wells Fargo Securities consists of nearly 5,000 team members in more than 40 offices across North America, Europe and Asia.

Wells Fargo Securities is the trade name for certain capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Securities, LLC, member NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, member FINRA, NFA and SIPC, Wells Fargo Bank, National Association, Wells Fargo Securities International Limited (authorised and regulated by the U.K. FCA), Wells Fargo Securities Asia Limited (licensed by the HK SFC), and Wells Fargo Securities (Japan) Co., Ltd. (registered with the KLFB).

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,950 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 37 countries and territories to support customers who conduct business in the global economy. With approximately 262,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Contact:

Media Contacts Jessica Ong, +1 212-214-8242 Jess.ong@wellsfargo.com

About Business Wire

Business Wire
Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco

http://businesswire.com

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Megaport Cloud Network Report 2025: The State of Cloud Networking10.10.2025 00:42:00 CEST | Press release

Megaport releases new global insights revealing how enterprises are orchestrating networks to deliver performance, compliance, and resilience at scale. Megaport Limited (Megaport) (ASX: MP1), the global leader in Network as a Service (NaaS), today released its 2025 Cloud Network Report, revealing a decisive industry shift: enterprises are going further than expansion and growth with connectivity and are virtualizing and orchestrating their networks to deliver resilience, sovereignty, and performance at scale. The report draws on operational data from Megaport’s platform, spanning over 1,000 enabled locations across 150+ cities, and global survey insights from IT leaders. Findings show that routing and edge product deployments grew 42% year-on-year, underscoring a move from static cloud builds to programmable, intelligent fabrics. “The future of competitiveness lies in how well enterprises can virtualize and orchestrate connectivity. Intelligent routing, segmentation, and traffic shapin

Registration Continues for the Second Edition of “Miyahthon” to Advance Innovation in Water Sustainability9.10.2025 22:11:00 CEST | Press release

The Saudi Water Authority is continuing to accept applications for participation in the second edition of the global hackathon “Miyahthon”, which brings together innovators and entrepreneurs from Saudi Arabia and beyond to develop sustainable solutions for the future of water. Registration remains open until 11 October 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251009024083/en/ Registration Continues for the Second Edition of “Miyahthon” to Advance Innovation in Water Sustainability (Photo: AETOSWire) This edition builds on the success of the inaugural Miyahthon, which witnessed wide participation from both local and international innovators. It led to the development of groundbreaking projects, including the “Smart Ric” water treatment solution and “Hydraya”, an artificial intelligence application. The winning projects were incubated in the business accelerators of the Saudi Water Innovation Center, enabling them

Vantiva Accelerates Net-Zero Commitment to 2040 with SBTi-Approved Targets9.10.2025 18:43:00 CEST | Press release

Vantiva (Euronext Paris: VANTI), a global technology leader in connectivity, today announced that the Science Based Targets initiative (SBTi) has approved the company's near- and long-term science-based targets, confirming that Vantiva's targets align with the latest climate science and the 1.5°C ambition of the Paris Agreement. The SBTi's approval of Vantiva's science-based targets demonstrates the company's commitment to measurable decarbonization. Vantiva's targets with a 2021 base year include: By 2030: Reduce absolute Scope 1 and 2 GHG emissions by 80.0%, absolute Scope 3 GHG emissions from the use of sold products by 60.0%, and overall absolute Scope 3 GHG emissions by 55.0%. By 2040 (Net-zero target): Reduce absolute Scope 1 and 2 GHG emissions by 90.0% and absolute Scope 3 GHG emissions by 90.0%. This accelerates Vantiva's net-zero goal ten years from its previously set 2050 target. Continuing its 30-year legacy of responsible business practices, Vantiva will focus on direct em

ARIA Commodities Announces US$135 Million Reverse Takeover of London listed Kibo Energy, by Carbon Resilience, a 14GW Australian Renewable Energy Platform9.10.2025 18:01:00 CEST | Press release

The institutional asset management platform of ARIA Commodities’ group today announced a reverse takeover (RTO) transaction with Kibo Energy PLC (AIM: KIBO; AltX: KBO), the dual-listed energy development company. The US$135 million acquisition, transacted in concert with ARIA’s group institutional asset management business, will be satisfied through the issuance of approximately 966 million new Kibo shares at a deemed price of £0.104 per share, following a proposed 1,600-to-1 share consolidation. The transaction marks a significant reverse takeover (RTO) under AIM Rule 14 and represents Kibo’s strategic pivot toward large-scale, global industrial decarbonisation. A Portfolio with Global Potential Carbon Resilience controls a portfolio of eight strategically located renewable energy sites across Queensland, spanning more than 900,000 hectares and offering a potential generation capacity exceeding 14 gigawatts (GW). The projects combine onshore wind, solar PV and battery energy storage s

IHS Towers Completes Sale of Rwanda Operations to Paradigm Tower Ventures9.10.2025 16:55:00 CEST | Press release

IHS Holding Limited, (NYSE: IHS) (“IHS Towers”), one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, has today announced the completion of the sale of 100% of IHS Rwanda Limited (“IHS Rwanda”) including its approximately 1,467 sites1 to Paradigm Tower Ventures through the Paradigm Infrastructure Holdings (PIH) vehicle, as part of a consortium with Convergence Partners Digital Infrastructure Fund L.P (“CPDIF”), British International Investment PLC (“BII”), and Société de Promotion et de Participation pour la Coopération Economique S.A. (“PROPARCO”). The sale of the company’s Rwanda operations is part of IHS Towers' strategic initiatives targeted at shareholder value-creation options. JPMorgan acted as financial advisor to IHS Towers on this transaction. About IHS Towers: IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world by towe

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye