Wells Fargo’s FX strategy wins over buy-side clients

Counterparty Radar: Life insurers looked west for liquidity after November’s US presidential election

Wells Fargo

Wells Fargo’s decision to tilt its foreign exchange business towards institutional buy-side clients is paying off, with the San Francisco-headquartered bank seeing a big jump in trades with insurers in the fourth quarter of last year to supplement its multi-year growth with mutual funds.

Data from Risk.net’s Counterparty Radar service shows Well Fargo’s FX forwards notional volumes with life insurers increased by 56.4% to $4.75 billion, making it the fourth-largest dealer in that product with

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