Fifth Third Asset Management selects president

Stephen Mullins was named president of Fifth Third Asset Management, confirmed Barbara Grimsley, a Fifth Third spokeswoman.

Mr. Mullins replaces Keith Wirtz, who resigned as president and chief investment officer in October. Mitchell Stapley replaced Mr. Wirtz as CIO that month.

Mr. Mullins will report to Phil McHugh, executive vice president and head of Fifth Third Investment Advisors, of which Fifth Third Asset Management is a unit.

Mr. Mullins was a senior executive at quant manager Lanier Asset Management. Officials at Lanier could not be reached for comment by press time.

Fifth Third Asset Management had $14.634 billion in worldwide assets under management as of Dec. 31, 2011, according to Pensions & Investments data.

— Contact Melanie Zanona at mzanona@pionline.com | @Zanona_PI