Deals & People August 9, 2012

Bank of the West Expands Investment Advisory and Management Team

Drew Brahos and Bruce Wetter joined Bank of the West's Investment Advisory and Management team in the Wealth Management Group.
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Brahos will fill the role of market strategist and senior portfolio manager, and Wetter will be a senior portfolio manager.

In his additional role as market strategist for the Wealth Management Group’s Investment Advisory and Management team, Brahos will provide intellectual leadership related to changes and trends in the economy and the impact on the team’s portfolio allocation strategies. Brahos will provide analysis from which decisions can be made to enhance the investment portfolios within the Wealth Management Group.

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“As accomplished investment professionals, Drew and Bruce bring a depth of expertise that will be a strong asset for our clients as we work with them to manage their portfolios,” said Don Silva, head of Investment Advisory & Management for Bank of the West’s Wealth Management Group. “We’re pleased Drew and Bruce chose to join our expanding team and look forward to continuing our development as a key part of the growth of the bank’s overall Wealth Management business.”

Brahos, who will be based in Newport Beach, joins Bank of the West from Santa Barbara Bank & Trust as senior portfolio manager where he managed the Value Stock Fund and Growth Stock Fund Common Trust Funds. Brahos has also served as senior economist with Bank of America focusing on international equity strategy, asset allocation, and fixed income strategy.

Brahos earned his master’s in business administration in finance from University of Notre Dame and his master’s degree in teaching mathematics from Duke University. He earned his bachelor’s in mathematics from Butler University.

 

Wetter, who will be based in San Francisco, is an experienced portfolio manager and wealth management executive with a diverse background in analyzing investment objectives, portfolio construction, and managing a range of relationships. Before joining Bank of the West, Wetter was a portfolio manager with HighMark Capital Management and a relationship manager with Union Bank's Private Banking Group. Wetter has also worked as senior branch credit officer and relationship manager at Bank Hapoalim B.M.

Wetter earned his master's in finance from Golden Gate University and his bachelor's in economics from San Jose State University. He is a Certified Financial Planner (CFA).

 

Deals & People August 9, 2012

BNY Mellon Names Schulte Asia-Pacific Investment Chief

BNY Mellon appointed Paul Schulte to the new position of head of investment strategy, Asia-Pacific (APAC), where he will research investment trends, market activity and economics.
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Based in Hong Kong, Schulte will report into both Alan Harden, chief executive officer for BNY Mellon’s Asia-Pacific investment management business and Jack Malvey, chief global market strategist for investment management, in New York. 

Schulte will focus on developing an APAC investment and market knowledge platform to help capture and communicate the APAC investment opinion and analysis from across the firm’s investment management boutiques, and support the firm’s global thinking. He also sits on BNY Mellon’s APAC Investment Management Executive Committee and BNY Mellon’s APAC Operating Committee.

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“Paul joins our team at an exciting point in our evolution from an APAC distributor, to a regional product innovator and global preferred provider of Asian investment strategies,” observed BNY Mellon’s Harden. “Having a rigorous investment strategy and research approach is vital in supporting our managers in making active and informed investment decisions. We will look to Paul to interpret macro trends throughout this fast-growing region, and to participate in the development of top-performing investment strategies and products for Asian investors.” 

Schulte’s career in equity research spans 25 years on both the buy and sell sides covering the Asian and emerging markets. He frequently has been ranked in top-five positions in Euromoney, Asiamoney and Institutional Investor polls and surveys since 1991. In Institutional Investor’s 2010 poll, he received top rankings in All-Asia Banks Team, Asia Equity Strategy Team and Asia Economics Team. He also has experience in the military, public policy and academia.

Schulte was most recently Global Head of Financial Strategy at China Construction Bank International Securities. He was one of the first westerners to be hired by a Chinese bank for research. He created the Greater China research platform which included equity and fixed income strategy products. He marketed to sovereign wealth funds, hedge funds and long only institutions, and spent much time with Chinese regulators. 

From 2007 to 2010, Schulte was managing director and head of multi-strategy and Asian banking research for Lehman Brothers. He was one of the first at Lehman Brothers in Asia to lead the integration of fixed-income and equity research. Schulte then held a similar position at Nomura International, where he created a highly ranked research product line integrating equity, credit and currency research. 

 

 

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