SAN FRANCISCO--(BUSINESS WIRE)--
Wells Fargo Asset Management (WFAM) announced today that Nicolaas Marais has been appointed as president. In this role, he will take on a broad range of responsibilities including Multi-Asset Class Solutions, Research, and Product Management.
Based in San Francisco and London, he will join the organization in this new role on February 1 and report to Kristi Mitchem, chief executive officer and head of WFAM. Marais most recently served as head of Multi-Asset Investments and Portfolio Solutions at Schroders.
“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.”
Prior to his five years with 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. Before BlackRock, 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. Earlier in his career, he also worked for The World Bank Group as a bond trader and for the South African Reserve Bank as a gold trader.
“The investment industry is undergoing significant change, posing challenges but also exciting opportunities,” said Marais. “I look forward to helping build a business that focuses intensely on investor outcomes and what our clients need, ranging from wealth preservation and risk-controlled growth to income, supported by a scientific and transparent investment process.”
Marais holds his doctorate of commerce in economics from the University of South Africa. He earned master’s and bachelor’s degrees from University of Stellenbosch, South Africa, and an advanced diploma in international economic policy research from the Kiel Institute of World Economics in Germany. He has also earned the right to use the Chartered Financial Analyst® (CFA®) designation.
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 $482 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. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 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 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
* As of December 31, 2016
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 Management nor Wells Fargo Funds Distributor has fund customer accounts/assets, and neither provides investment advice/recommendations or acts as an investment advice fiduciary to any investor.
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