Wells Fargo Asset Management has named Peter Weidner head of factor solutions and Mark Brandreth senior portfolio manager, both London-based roles on the multi-asset solutions team, Pensions and Investments reported.

Weidner and Brandreth are taking on newly created positions at Wells. Both previously worked at Schroders, Weidner as head of advanced beta in the multi-asset investments and portfolio solutions unit and Brandreth as head of portfolio construction and trading systems for multi-asset. At Schroders, other members of the multi-asset team will take over Weidner's and Brandreth's previous duties.