Peter Weidner and Mark Brandreth will join the firm as head of factor solutions and senior portfolio manager, respectively, continuing the expansion of its multi-asset solutions team.
Wells Fargo AM has appointed four senior figures to the team within the last four months, including ex-Neuberger Berman man Wai Lee, who joined as global head of research, and fellow Schroders alumnus Dan Morris, now global head of portfolio solutions.
Weidner and Brandreth will report to Morris in their new roles and focus on designing solutions for clients looking for retirement income strategies, wealth preservation and downside risk protection.
The duo hail from the Schroders multi-asset team where they collectively have over 10 years of experience.
Whilst at the fund group, Weidner headed up the advanced beta group, managing a range of long and long/short factor-based strategies across asset classes. Prior to that, he was a partner and portfolio manager at Auriel Capital.
Brandreth, meanwhile, developed a pan-asset-class portfolio management and trading system for the Schroders multi-asset group. He was also previously a managing director in the scientific equities group for BlackRock and had stints as head of active European and active UK equities at Barclays Global Investors.
On the latest appointments, Nico Marais, Wells Fargo AM president and head of multi-asset solutions said: “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.”
