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Wells Fargo AM recruits Schroders’ Nicolaas Marais for president

Nicolaas MaraisWells Fargo Asset Management (WFAM) has appointed Nicolaas Marais as president, with a broad range of responsibilities including multi-asset class solutions, research and product management.

Starting next month, Marais will be based in both San Francisco and London and report to Kristi Mitchem, chief executive officer and head of WFAM.

Marais was head of multi-asset investments and portfolio solutions at UK-based asset manager Schroders.

Prior to his five years with Schroders, Marais had a diverse range of roles. More recently he 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 including 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.

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