US company Wells Fargo Asset Management (WFAM) has hired Nicolaas Marais (pictured) as president with a focus on multi-asset class solutions, research, and product management.
Based in San Francisco and London, Marais will take up his new duties on 1 February 2017 and report to Kristi Mitchem, CEO and head of WFAM.
Marais most recently served as head of Multi-Asset Investments and Portfolio Solutions at Schroders. Prior to joining Schroders, Marais was global head of Active Portfolio Management at BlackRock Multi Asset and Client Solutions where he had responsibility for portfolio management, research, and investment strategy.
He also held a number of 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.
Marais has also been a bond trader at the World Bank Group as a bond trader and a gold trader at the South African Reserve Bank.
“Given his impressive and complementary investment management experience, Nico is ideally qualified to lead the development and management of strong multi-asset class solutions for our clients,” said Mitchem.
“Nico also brings the informed perspective and judgment to oversee product development and lead the creation of new offerings across asset classes, geographies, and vehicle ranges that will meet the needs of our clients.”
WFAM had over $482bn (€449.5bn) in assets under management as of 31 December 2016.