People Moves

Wells Fargo AM Brings In Former Senior Schroders Manager As President

Tom Burroughes, Group Editor, 26 January 2017

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This publication reports on latest appointments and hires in the wealth management sector.

Wells Fargo Asset Management, part of San Francisco-headquartered Wells Fargo, has appointed Nicolaas Marais as president, operating both from California and the UK.

In this role, Marais will take on responsibilities including multi-asset class solutions, research, and product management. He takes on the role on 1 February, the firm said yesterday. He will report to Kristi Mitchem, chief executive and head of WFAM. 

Most recently, Marais was head of multi-asset investments and portfolio solutions for Schroders, the UK-listed investment house and private bank. 

Prior to his five years with Schroders, Marais was global head of active portfolio management at BlackRock multi asset and client solutions. Earlier, Marais held several leadership roles with Barclays Global Investors, including global head of investment strategy, head of active equity - Europe, head of investment strategy UK/Europe, and head of active equity product management.  

WFAM has more than $482 billion in assets under management.

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