Man Group strengthens Asia equity team
Man Group has appointed David Mercurio as head of Asia equity and co-head of global equity strategies.
With 17 years of investment experience, he joins from the Government of Singapore Investment Corp (GIC), where he was a senior portfolio manager. The appointment will strengthen the company’s investment management presence in Asia.
Mercurio will report to Pierre Lagrange, senior managing director of GLG and executive committee member at Man, who becomes chairman of Man Asia, in addition to his responsibilities for managing GLG’s global long only and long short equity portfolios.
Peter Clarke, chief executive of Man, said the company was determined to increase its investment management capabilities in Asia adn especially in China.
The company has been in active Asia for more than 15 years and has offices in Hong Kong, Tokyo, Singapore, and Sydney. At the end of March 2011, 25 per cent of Man’s global funds under management came from the Asia Pacific region.
Savills names new head of Italy
International real estate advisor Savills has appointed William Gould as head of its Italian office. Lionello Rosina, who has led the Italian operation for seven years, will remain as a consultant to the company.
Gould, currently a senior investment director who joined Savills in 2009, will continue to service Savills investment clients, whilst also managing and expanding Savills Italian business from Milan.
He will lead the management team formed of Eros Chiodoni, head of agency and managing director, and Maria Cristina Laria, head of valuation and consultancy.
JP Morgan AM adds to emerging mkts debt team
JP Morgan Asset Management has appointed Nima Tayebi to its emerging market debt and currency team.
Tayebi is a currency specialist with more than 18 years experience. He will lead the company’s emerging market currency investment strategy, a key component of local currency debt portfolios.
Tayebi will report to Pierre-Yves Bareau, head of emerging market debt, and to Jonathon Griggs, head of FX strategy.
He was recently portfolio manager at Polar Capital Partners. Prior to that, he was at Aberdeen Asset Management for nine years as an emerging market currency and debt portfolio manager. He also spent two years at Millennium Global Investments, a specialist currency management boutique, and has held FX trading and research positions on the sell side at Salomon Brothers and Renaissance Capital, based in Moscow.
New co-heads for Invesco’s retail European business
Invesco has appopinted Sergio Trezzi and Miguel Rona as co-heads of the company’s retail business in continental Europe as part of its strategy to accelerate the growth of its cross border fund range.
Trezzi joined Invesco in 1999 and led the roll-out of the Invesco Powershares ETF brand in continental Europe, alongside his responsibilities for retail business in Italy and Greece. He will take additional responsibility for retail activities in Germany, Austria, Benelux and the Nordics.
Rona joined Invesco in 2000 and is currently responsible for retail business in Spain, Portugal and Latin America. He will take additional responsibility for retail activities in Switzerland and France.
Both Trezzi and Rona will continue to report to James Robertson, chief executive officer Invesco EMEA.
The company said it believes that there is a major opportunity in Europe and will increase its focus on this opportunity over the coming years.
Pictet senior hire for European equities
Pictet has hired Mathias Leijon as a senior investment manager in the European equities team. Mathias joined Pictet on 12th September 2011 and is based in Zurich.
He was previously with Cheuvreux (Credit Agricole Group), where he has covered the Nordic region. Before that he held portfolio management and analyst positions at Stena LT Equity Fund.
Daniele Scilingo, head of European equity, said Leijon ‘s appointment would bring a wealth of expertise and outstanding company contacts from his network in the Nordic region. “He will add considerable strength and depth to our European equity team,” Scilingo said.
New partners at Cube Capital
Cube Capital has appointed two new partners, promoting Janene Waudby and Scott Gibb. The company was established in 2003 and the new appointments bring the number of partners to six.
Waudby joined in 2006 as general counsel and is responsible for all legal affairs across the company, as well as sitting on the the risk management and investment committees.
Gibb joined in 2006 as a portfolio manager for the fund-of-funds group and as a member of the investment committee. He has been more than 10 years in the investment industry.
The company has offices in London, Hong Kong, Shanghai, Beijing, Moscow and Kiev.
DSP appoints Horton as partner
Dalton Strategic Partnership (DSP) has appointed Nick Horton as a partner to head its institutional business. He joined DSP in August 2011 from Lazard Asset Management where he was senior vice president.
His key responsibilities will include developing and managing relationships with investment consultants and institutional clients globally. He has worked in the asset management industry for more than a decade and focused his entire career on the institutional channel.
Richard Jones, partner at DSP, said: “Nick’s extensive knowledge and experience of the institutional market place means he is ideally positioned to continue our development in this key business area.”