SAN FRANCISCO--(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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