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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