Wells Fargo Asset Management Expands Multi-Asset Solutions Team With Senior Hires
February 15 2018 - 8:30AM
Business Wire
Wells Fargo Asset Management (WFAM) announced today that Peter
Weidner will join the firm as head of Factor Solutions within the
Multi-Asset Solutions team and Mark Brandreth will join as a senior
portfolio manager within the Multi-Asset Solutions team. Both will
be based in London, and both join the firm from the Schroders
multi-asset team.
In their new roles, Weidner and Brandreth will focus on
designing solutions with a specific emphasis on portfolio
construction and the use of risk and alternative risk premia for
clients who seek retirement income strategies, wealth preservation,
and downside risk protection. Weidner and Brandreth will report to
Dan Morris, global head of Portfolio Solutions.
“The addition of Peter and Mark to our team further enhances our
ability to provide thought leadership and deliver high-quality
solutions to our clients, with the goal of establishing the team as
an innovator in the industry,” said Nico Marais, president of Wells
Fargo Asset Management and head of Multi-Asset Solutions.
At Schroders, Weidner was head of the advanced beta group and
managed a range of systematic investment strategies across asset
classes. These factor-based strategies included both long and
long/short and were designed to deliver a range of client outcomes.
Before joining Schroders, he was a partner and portfolio manager
responsible for managing systematic investment strategies at Auriel
Capital. His experience in building and managing factor-based
portfolios includes equities; fixed income; FX; and environmental,
social, and governance (ESG). Weidner earned a master’s degree in
finance from the University of Florida’s Warrington College of
Business.
As head of portfolio construction and trading systems at
Schroders, Brandreth developed a pan-asset-class portfolio
management and trading system for the multi-asset team. Prior to
joining Schroders, he was with BlackRock as a managing director in
the scientific equities group, where—among other tasks—he led a
search for new stock-picking data sources globally. Brandreth also
was head of quantitative investment processes, head of the European
active equity business, and, before that, head of active U.K.
equities at Barclays Global Investors. He earned a master’s degree
in business administration from Warwick Business School and a
master’s degree in natural sciences from Cambridge University.
About Wells Fargo Asset Management
Wells Fargo Asset Management, a division of Wells Fargo Wealth
and Investment Management, strives to help clients achieve their
financial goals through top-tier investment options managed by
specialized investment teams that are supported by independent risk
management and backed by superior, collaborative service. With more
than $504 billion in assets under management,* Wells Fargo Asset
Management has 29 autonomous investment teams with specialized
expertise and proven processes, more than 500 investment
professionals, and a global reach with offices and clients around
the world.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $2 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
investments, mortgage, and consumer and commercial finance through
more than 8,300 locations; 13,000 ATMs; the internet
(wellsfargo.com); and mobile banking and has offices in 42
countries and territories to support customers who conduct business
in the global economy. With approximately 263,000 team members,
Wells Fargo serves one in three households in the United States.
Wells Fargo & Company was ranked No. 25 on Fortune’s 2017
rankings of America’s largest corporations. News, insights, and
perspectives from Wells Fargo are also available at Wells Fargo
Stories.
*As of January 12, 2018
Wells Fargo Asset Management (WFAM) is a trade name used by the
asset management businesses of Wells Fargo & Company. Wells
Fargo Funds Management, LLC, a wholly owned subsidiary of Wells
Fargo & Company, provides investment advisory and
administrative services for Wells Fargo 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, an affiliate of Wells Fargo
& Company. Neither Wells Fargo Funds Distributor nor Wells
Fargo Funds Management holds fund shareholder accounts or assets.
This material is for general informational and educational purposes
only and is NOT intended to provide investment advice or a
recommendation of any kind—including a recommendation for any
specific investment, strategy, or plan.
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Sarah Kerr, 212-260-1582skerr@wellsfargo.com
Wells Fargo (NYSE:WFC)
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