Industry moves

Written by Adam Cadle

02/10/2024

- Ostrum Asset Management (Ostrum AM) has announced the appointment of Gaëlle Malléjac as its global chief investment officer.

Reporting to Olivier Houix, CEO of Ostrum AM, Malléjac will oversee a team of more than 140 investment professionals managing assets totalling €396bn. She will particularly focus on leveraging all of Ostrum AM’s expertise to develop solutions that address the current and future challenges faced by its institutional clients, especially regarding the central issue of transitions.

Malléjac has over 30 years of experience in asset management. After an initial experience within the fixed income management team at Groupama Financial Bank from 1994 to 1997, she joined Groupama Asset Management as a fixed income insurance manager and progressively held the positions of head of institutional fixed income management and then head of fixed income and credit management.

In 2012, she was appointed director of fixed income management, responsible for credit management, directional and aggregate fixed income management, and cash management. From 2015, she became director of active investments, overseeing fixed income, equity, convertible, multi-asset management, and financial engineering, while also being a member of the executive committee at Groupama Asset Management. She joined Ostrum AM in May 2021 as director of insurance management and ALM solutions.

Malléjac said: “I am honoured by the opportunity to lead all the management and research teams at Ostrum AM as the company embarks on a new strategic plan in connection with the entire BPCE Group. I will notably focus on leveraging Ostrum AM’s key expertise to continue developing and building our investment solutions for the benefit of our clients.”

- Mesirow has announced the promotion of David Nirtaut, as the sole chief investment officer of Mesirow Strategic Fixed Income (MSFI), effective 1 October 2024.

He has more than 25 years of fixed income portfolio management and leadership experience prior to leading the MSFI Group and, since April 2023, has served as the team’s co-chief investment officer and senior managing director. With this promotion, Peter Hegel, senior managing director and co-chief investment officer, will retire on 31 March 2025, following a long-established succession plan.

“I’m pleased to congratulate David on this promotion as we also thank Peter Hegel for his leadership and service to the MSFI team,” said Erik Barefield, head of traditional investment management.

“We look forward to continuing to serve investors through traditional and alternative investments and sustaining our reputation as a differentiated provider of fixed income strategies.”

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