SAN FRANCISCO--(BUSINESS WIRE)--Karla Rabusch, president of Wells Fargo Advantage Funds, has been recognized as one of the leading women in the asset management, according to Money Management Executive’s inaugural Top Women in Asset Management Awards. The awards are given to female executives making substantial impacts on their organizations and the money management industry.
Under Karla’s leadership and guidance since 2003, Wells Fargo Advantage Funds has grown from the 27th-largest mutual fund complex with $77 billion in assets under management to become the 14th-largest mutual fund complex in the country today, with more than $231 billion in assets under management according to a March 31, 2014, report by Strategic Insight.
“Our industry has made great strides in recruiting, retaining, and promoting women, and we must continue to work to attract more women as well as individuals of diverse backgrounds. In doing so, we are able to bring a broad set of perspectives to the table, allowing for sound decision-making that can serve the varied backgrounds and needs of our clients,” said Karla M. Rabusch, president of Wells Fargo Advantage Funds.
“These awards reflect our initiative to find and highlight exceptional women in asset management. After nominations and assessment by our editorial team and advisory board, we've selected 10 women as influencers in their field for having made substantial impacts on their organizations and the fund industry,” said Paula Vasan, managing editor of Money Management Executive.
Karla began her career at Wells Fargo in 1997 as the chief finance officer for the mutual fund complex and later served as the chief administrative officer before being named president in 2003. In addition to holding the title of president of Wells Fargo Advantage Funds, Karla is also the president of Wells Fargo Funds Management, LLC. Prior to joining Wells Fargo, she spent 16 years in various insurance, corporate, and mutual fund positions.
In 2010, Karla was recognized by MutualFundWire.com as one of the 100 most influential people in mutual funds. She also was named one of the 100 most influential businesswomen in the Bay Area by the San Francisco Business Times in 2010 and 2004.
About Wells Fargo Funds Management
Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Advantage Funds. Other affiliates of Wells Fargo & Company provide subadvisory and other services for the funds. The funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate of Wells Fargo & Company.
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