SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Asset Management (WFAM) announced on Monday, May 8, that Kayvan Malek has been appointed as senior portfolio manager of the Multi-Asset Solutions team. In this role, he will take on a broad range of responsibilities, including managing real assets as well as global total-return portfolios for both retail and institutional clients, applying forward-thinking portfolio construction and risk management processes across asset classes.
Malek will be based in San Francisco and will report to Nicolaas Marais, president of WFAM and head of Multi-Asset Solutions. Malek previously served as managing director and head of commodities, volatility, and long-horizon investments in the BlackRock global markets strategies group.
“Malek is an important addition to our Multi-Asset Solutions team. His experience in commodity and volatility trading will play a crucial role as we continue to strengthen WFAM’s focus on mufti-asset-class solutions and risk management expertise in product and business development,” said Marais. “We will continue to form our team with the best industry talent, helping build a business that focuses intensely on investor outcomes and what our clients need.”
Malek had been with BlackRock as managing director and head of commodities, volatility, and long-horizon investments with the global markets strategies group. Before BlackRock, he co-founded and was partner at 42 Capital. Previous roles include vice president and head of natural gas trading at Constellation Energy and vice president and head of fixed price and derivatives trading at American Electric Power. He began his career with Enron in 1997.
Malek earned a master’s degree in management from J.L. Kellogg Graduate School of Management and a bachelor’s degree in economics from DePaul 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 $481 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 $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 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 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 ranking of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
*As of March 31, 2017
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 Management nor Wells Fargo Funds Distributor has fund customer accounts/assets, and neither provides investment advice/recommendations or acts as an investment advice fiduciary to any investor. 303487 05-17
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