Wells Fargo Asset Management (WFAM) has named Nico Marais as its chief executive officer (CEO).

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. He joined WFAM in February 2017 from Schroders, where he was head of multi-asset investments and portfolio solutions. He has also worked for BlackRock, Barclays and The World Bank Group.

SimCorp has announced the appointment of Christian Kromann as chief operation officer (COO).

Kromann will take the newly created position from 1 August and will become a member of the firm’s executive management board. He has served in global management positions throughout his career, including various executive positions in 17 years with global investment management vendors, SunGard and FIS. Christian Kromann joins SimCorp from a position as CEO of TIA Technology.

BMO Global Asset Management has appointed Cristiana de Alessi as a portfolio manager in the global rates team.

De Alessi has over 15 years of experience as an emerging market fixed income specialist. She joined BMO Global Asset Management from BNP Paribas Asset Management, where she analysed emerging market local fixed income strategies. She also worked as a macro strategist for Moore Capital Management and began her career at the Bank of England as an economist.

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