Wells Fargo plans to rebrand Burdale Financial, the asset-based lender it purchased nearly three years ago from the Bank of Ireland.

Burdale will take the name Wells Fargo Capital Finance. The London-based lender became part of the $1.4 trillion-asset Wells' secured financing division following its February 2012 acquisition.

"The Burdale acquisition helped expand our presence in Europe, allowing us to support the cross-border financial needs of our North American clients in addition to supporting our European-based clients," Guy Fuchs, head of corporate finance at Wells, said in a press release Tuesday.

The acquisition also helped the San Francisco banking giant launch a U.K.-based technology finance product last year, the bank said in the release.

Burdale was established in 1992, and has offices in London, Birmingham and Manchester.

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