Generali Group appointed CEOs for its Generali Investments Partners and Generali Insurance Asset Management businesses within its asset and wealth management division, a spokeswoman confirmed.
Tim Rainsford was appointed as CEO of Generali Investments Partners, one the firm's asset management businesses, effective April 15. Mr. Rainsford, who also retains his role as global head of sales, will lead sales efforts for the firm.
Mr. Rainsford will replace Carlo Trabattoni. Mr. Trabattoni became CEO of the firm's asset and wealth management unit on Monday .
Mr. Trabattoni replaced Timothy Ryan, group CIO and CEO asset and wealth management, who left on Monday. Reached via LinkedIn, Mr. Ryan declined to disclose the details of his next appointment.
Also Monday, Generali Insurance Asset Management named Bruno Servant as CEO. Mr. Servant replaced Francesco Martorana, who in turn was named group CIO of the group's insurance business Assicurazioni Generali.
Mr. Servant is responsible for the development of investment strategies for insurance companies and pension funds. He had been head of group investment management solutions at Generali Group since 2018. Mr. Servant was not replaced, the spokeswoman confirmed. He was also CIO France. Details on any replacement were not immediately available.
Generali has €575 billion ($696.8 billion) in assets under management.