A press release entitled, "Wells Fargo Asset Management Announces New Head of Liquidity Client Group," tells us, "Wells Fargo Asset Management (WFAM) ... announced that Yeng Felipe Butler will join the firm as head of WFAM's Liquidity Client Group. Butler, who will be based in Boston, 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 $156 billion in assets under management (AUM) and includes capabilities such as money market mutual funds and customized liquidity accounts." WFAM CEO Marais comments, "We are thrilled to welcome Yeng to Wells Fargo Asset Management. She brings a long track record of providing innovative short-term investment and cash management solutions to both intermediary and institutional clients, and I am confident that her leadership and extensive skillset will be instrumental as we continue to grow this strategic product and solutions set." The release adds, "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 U.S. Cash Business. She began her career in sales and marketing with Merrill Lynch."

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