Wells Fargo Asset Management Expands Multi-Asset Solutions Team

Hires three team members

SAN FRANCISCO--()--Wells Fargo Asset Management (WFAM) announced today that Eddie Cheng has joined the firm as head of International Portfolio Management within the Multi-Asset Solutions team. Cheng reports to Nico Marais, president of WFAM and head of Multi-Asset Solutions, and is based in London.

Cheng’s focus is on managing absolute return and alternative risk premia strategies. He also partners closely with Wai Lee, head of research for the Multi-Asset Solutions team, supporting the expansion of Wells Fargo’s Asian business. Cheng comes to WFAM from Schroders, where he was a senior portfolio manager with its multi-asset team.

Chenfei Ma and Stephane Renevier also recently joined WFAM’s Multi-Asset Solutions team, Ma as an investment analyst and Renevier as a portfolio manager. Both Ma and Renevier, who most recently worked on the multi-asset team at Schroders, report to Cheng. They are based in London.

The addition of Eddie, Chenfei and Stephane to our team not only strengthens our capabilities in the area of machine learning but further deepens the team’s experience as we aim to deliver best-in-class absolute return and alternative risk premia strategies to our clients,” said Nico Marais. “These new team members bring a depth of experience to our multi-asset platform as we strive to create solutions that address the complex and changing needs of our clients.”

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 investment options managed by specialized investment teams that are supported by independent risk management and backed by superior, collaborative service. With more than $497 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 $1.9 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 8,200 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 265,000 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 March 31, 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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Contacts

Sarah Kerr, 917-260-1582
skerr@wellsfargo.com

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