Melissa Demcsik has been appointed CEO of Vontobel Asset Management, succeeding Thomas Wittwer, who will retire at the end of March.
Ms. Demcsik, who has been at Vontobel for 22 years, will formally assume the CEO role Jan. 1, according to a news release Thursday.
Ms. Demcsik's current title is managing director-head of product management-Americas, a spokeswoman said in an email.
"Melissa will maintain her current responsibilities as part of her role as CEO," the spokeswoman added. "Thomas will hand over his CEO responsibilities to Melissa on January 1. He will retire March 31. His title during those months (will be) managing director."
Ms. Demcsik will report to Dorothee Wetzel, head of global products and solutions.
Vontobel Asset Management is a subsidiary of Vontobel Holding, which had $219 billion of total client assets as of June 30, the spokeswoman said. Vontobel Asset Management had about $124 billion in AUM as of the same date.
