KONA, HAWAII - Wells Fargo & Co.'s chief executive said he wants to expand its share of the $2.7 trillion financial services industry in this country but is unlikely to get there through a big insurance or asset management acquisition.

"We've looked at insurance companies, but we're not interested," said Richard M. Kovacevich, president and chief executive of San Francisco-based Wells Fargo. "We think we can expand in asset management without acquisition."

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