Wai Lee Joins Wells Fargo Asset Management As Global Head Of Research, Multi-Asset Solutions Team

Wells Fargo Asset Management (WFAM) announced today that Wai Lee will join the firm in February as global head of research with the Multi-Asset Solutions team.

Based in New York, Wai comes to Wells Fargo from Neuberger Berman, where he was head of quantitative investments. Previously, Wai was head of the quantitative engineering group at Credit Suisse Asset Management. He joined Credit Suisse in 2000 from J.P. Morgan Investment Management, where he was in charge of quantitative research and risk management for the global balanced group. Before joining the investment industry, he was a postdoctoral research fellow at the Harvard Graduate School of Business.

"The addition of Wai is another significant step forward as we expand our multi-asset and solutions capabilities at Wells Fargo Asset Management," said Nico Marais, president and head of Multi-Asset Solutions. "Wai 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, with a specific focus on risk premia, advanced betas, and factor-based strategies. 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 customized investment solutions to investors around the globe."

Wai is the author of the book Theory and Methodology of Tactical Asset Allocation, and he has contributed chapters to other books on different topics. He has served on the advisory board of The Journal of Portfolio Management since 1997. Wai's research won the Peter L. Bernstein Award in 2012; the Bernstein Fabozzi/Jacobs Levy Award from the Institutional Investor Journals in 2011 for Best Article of the Year; and Outstanding Article of the Year in The Journal of Portfolio Management in 2010 and 2012. Wai earned a bachelor's degree with honors in mechanical engineering from the University of Hong Kong and a master's degree in business administration and a doctoral degree in finance from Drexel University.

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 top-tier investment options managed by specialized investment teams that are supported by independent risk management and backed by superior, collaborative service. With more than $504 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 more than 8,300 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 263,000 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 January 12, 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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