Milwaukee-based Marshall & Ilsley Corp. has named a new CEO for its investment management arm. The bank said that Kenneth Krei is the new CEO of M&I Investment Management Company. He also takes the titles of president and chief executive of Marshall & Ilsley Trust Company. The appointments are effective on July 1.

Krei, 53, replaces Jeffrey Williams, who will become chairman of the trust unit.

Before coming to M&I, Krei was executive vice president, investment advisers at Fifth Third Bancorp in Grand Rapids, Michigan.  

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