The company also tapped Mark Archer as managing director of European distribution for WGAM, according to a news release.
In this new London-based role, Archer will oversee development of new institutional business in Europe through sub-advisory relationships and traditional institutional pension, public funds, and not-for-profit investment management opportunities. Archer will report to Patrick O’Brien, president of Evergreen Institutional.
Archer will co-locate with Evergreen International Advisors, Evergreen’s London-based investment team, which employs 11 people managing over $18 billion in global/international fixed income mandates for institutional clients.
“Institutional and high net worth clients are increasingly seeking global firms with a presence in the local marketplace,” said Dennis Ferro, president and CEO of Evergreen Investments.
Prior to joining Wachovia, Archer was Co-Head of Institutional Sales and Marketing, Europe for RCM: Allianz Global Investors (AGI).