San Francisco-headquartered firm Wells Fargo Asset Management (WFAM) has appointed Peter Weidner (pictured) and Mark Brandreth within its multi-asset team.
Weidner joins as head of Factor Solutions while Brandreth will join as a senior portfolio manager. Both, joining from Schroders 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 seeking retirement income strategies, wealth preservation, and downside risk protection.
They will report to Dan Morris, global head of Portfolio Solutions.
Since last October, Wells Fargo AM’s multi-asset solutions team has been expanded with four hires: Wai Lee, joining as global head of Research; Dan Morris, joining as global head of Portfolio Solutions; Martijn De Vree, a senior solutions expert; and Frank Cooke, joining from Mercer, where he was a senior investment consultant.
During his tenure at Schroders, Weidner served as 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.
While he was 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.
He served at 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.
Other Brandreth’s roles included head of Quantitative Investment Processes, head of the European active equity business, and, before that, head of Active UK equities at Barclays Global Investors.
“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.
Wells Fargo Asset Management had €504bn in assets under management as of 12 January 2018.