Wells Fargo Asset Management has appointed a new global head of research within its multi-asset solutions team.
Industry veteran Wai Lee joins the investment firm from Neuberger Berman where he has worked for the past 14 years, most recently as head of quantitative investments.
Prior to that Lee was head of the quantitative engineering group at Credit Suisse Asset Management, after joining the company in 2000 from JP Morgan Investment Management.
During his time at JP Morgan, Lee was in charge of quantitative research and risk management for the global group.
“[Lee] brings a depth of experience that will be an important dimension as we continue to build out our systematic platform of global multi-asset and solutions capabilities across alphas, betas, and asset classes,” said Nico Marais, president and head of multi-asset solutions.
“He also will play a key role in supporting our firm’s strategic partnerships, working with the solutions team in the design and delivery of customised investment solutions to investors around the globe.”