Gaelle Mallejac will join Ostrum Asset Management as CIO for insurance and asset and liability management solutions, effective May 25.
The role is new and based in Paris, a spokeswoman said.
Ms. Mallejac will report to CIO Ibrahima Kobar. She will also join the executive committee for the firm.
Ms. Mallejac will oversee the management of Ostrum's insurance portfolios, managing relationships with insurer clients and supporting business development. The firm has €340 billion ($408.6 billion) in assets under management for insurance and ALM activity, the spokeswoman said. Ostrum has a total €448 billion in AUM.
The insurance and ALM solution department is comprised of Ostrum's fixed-income and equity investment teams, and a solutions team that leads investment management for insurane clients and advisory.
Ms. Mallejac was head of investment, active portfolio management, overseeing fixed income, equities and convertibles, multiasset and financial engineering at Groupama Asset Management. Spokesmen could not be reached for comment.