UPDATE: Wells Fargo (WFC) Funds President Rabusch Said to Retire

October 21, 2016 2:56 PM EDT

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(Updated - October 21, 2016 3:00 PM EDT)

Wells Fargo (NYSE: WFC) Funds president Rabusch said to retire, according to Reuters.

UPDATE - Karla Rabusch was president of Wells Fargo Funds and head of Wells Fargo Funds Management. She told colleagues last week that she would retire at the end of the year, although she may stay with the bank through January until a replacement is found.

Wells Fargo doesn't report revenue metrics for its funds business.

Rabusch started with Wells Fargo in 1997.

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