Money Management

Mediolanum picks head of market strategy

Brian O'Reilly was named head of market strategy at Mediolanum Asset Management, a spokeswoman said.

The position is new. Mr. O'Reilly manages the team responsible for asset allocation, formulates the firm's house view on investments and sits on the firm's investment committee. He reports to Christophe Jaubert, head of investment performance.

"We are delighted to welcome another outstanding investment professional of such impressive reputation and track record. At a time when the industry is trending towards consolidation, we continue our investment in new competencies and expanding the existing expertise. It signals our ongoing determination to assemble an Investment group of enviable quality," Furio Pietribiasi, managing director at Mediolanum Asset Management said in a news release.

Mr. O'Reilly was previously head of investments and chief investment strategist at Irish money management and wealth management firm, Davy Group.

Mediolanum had €33 billion ($37 billion) in assets under management as of Dec. 31.