Nico Marais to Lead Wells Fargo Asset Management
June 06 2019 - 11:30AM
Business Wire
Wells Fargo & Co. today announced that Nico Marais has been
appointed chief executive officer and head of Wells Fargo Asset
Management (WFAM), effective immediately.
Marais most recently was co-CEO of WFAM and previously was WFAM
president and head of Multi-Asset Solutions. He replaces Kristi
Mitchem, who left WFAM in January.
“We have an outstanding team at WFAM, and I am confident that
Nico is the right leader to take the business forward as it
continues to grow and serve as a true partner to our clients,” said
Jonathan Weiss, head of Wealth & Investment Management at Wells
Fargo. “WFAM is a key part of our overall strategy, and the
business has a long track record of delivering innovative solutions
and ideas to help our clients achieve their financial goals.”
“I am excited and honored by the opportunity to help lead WFAM
into the future,” said Marais. “The experience and talent at our
firm is second to none, and I look forward to working with all of
our amazing team members to do even more for our clients.”
Kirk Hartman, who also was co-CEO of WFAM, will work closely
with Marais in his new role. Hartman will continue to serve as
chief investment officer and add the role of president of WFAM.
Hartman joined WFAM in 2002 and has been an integral part of its
leadership as head of the fixed income and equity investment
teams.
WFAM oversees $476 billion in assets under management* for a
broad range of clients, including investment professionals and
institutional and individual investors. WFAM is focused on
partnering with its clients to solve their problems and help them
reach their financial objectives.
Marais joined WFAM in February 2017 from Schroders, where
he was head of Multi-Asset Investments and Portfolio Solutions.
Prior to Schroders, Marais was global head of Active Portfolio
Management for BlackRock’s Multi-Asset and Client Solutions team.
Previously, he held several leadership roles with Barclays Global
Investors, including global head of Investment Strategy and head of
Active Equity-Europe, and also worked for The World Bank Group as a
bond trader and for the South African Reserve Bank as a gold
trader.
Marais holds a doctorate of commerce in economics from the
University of South Africa. He earned master’s and bachelor’s
degrees from Stellenbosch University, South Africa, and an advanced
diploma in international economic policy research from the Kiel
Institute for the World Economy in Germany. He also is a Chartered
Financial Analyst.®
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
investment and mortgage products and services, as well as consumer
and commercial finance, through 7,700 locations, more than 13,000
ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 32 countries and territories to support customers who
conduct business in the global economy. With approximately 262,000
team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 26 on
Fortune’s 2018 rankings of America’s largest corporations. 403054
06-19
*As of March 31, 2019
Wells Fargo Asset Management (WFAM) is the trade name for
certain investment advisory/management firms owned by Wells Fargo
& Company. These firms include but are not limited to Wells
Capital Management Incorporated and Wells Fargo Funds Management,
LLC. Certain products managed by WFAM entities are distributed by
Wells Fargo Funds Distributor, LLC (a broker-dealer and Member
FINRA). Associated with WFAM is Galliard Capital Management, Inc.
(an investment advisor that is not part of the WFAM trade name/GIPS
firm). www.wellsfargoassetmanagement.com
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version on businesswire.com: https://www.businesswire.com/news/home/20190606005639/en/
Rob Julavits, 646-618-2790robert.w.julavits@wellsfargo.com
Amy Hyland Jones, 704-374-2553Amy.hylandjones@wellsfargo.com
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