Barings’ multi asset team member lines up Threadneedle role, Franklin Templeton boosts multi-asset team, Principal Global Investors eyes Benelux sales, Pictet AM hires from Mercer, Merrill Lynch looks to Italy’s wealthy.
Principal Global Investors
Institutional asset manager Principal is targeting sales in the Benelux region by opening an office in Amsterdam with Jeroen van Rooij at its helm.
Principal recently acquired both Origin Asset Management and Finisterre Capital, and the firm is not ruling out further expansion elsewhere in Europe, said a spokesperson.
Van Rooij moves from Dutch financial group Robeco, where he headed institutional sales, client service and fiduciary management for the Netherlands, the UK, Italy and the Nordics.
He has opened a Netherlands office before for SEI Investments. Van Rooij also worked at Dutch banking group ING’s asset management arm, and on sales to Benelux and Scandinavian investors with Goldman Sachs Asset Management in London.
Pictet Asset Management
In another institutional business move, Pictet Asset Management has hired a senior consultant from investment consultancy giant Mercer.
Fawzy Salarbux becomes senior consultant relations manager at the asset management division of Swiss private bank Pictet & Cie in London.
He will be responsible for forging links with investment consultancy firms globally.
At Mercer, Salarbux advised corporate and local government pension funds on both DB and DC investment schemes. Previously, he was a consultant at AonHewitt.
Merrill Lynch Wealth Management
The US banking group’s wealth management arm is looking to tap into Italy’s wealthy with the appointment of Stefano Ferraro as market manager for the country.
Based in Milan, Ferraro will develop the firm’s wealth management offering to IFAs and direct clients. He reports to Merrill Lynch Wealth Management’s head of Continental Europe Gilles Dard and its Italy country head Maurizio Tamagnini.
According to Merrill Lynch’s Capgemini World Wealth Report 2011, Italy is the ninth largest population of high net worth individuals globally.
The move marks a change of focus for Ferraro, whose background lies in corporate client work. Previously, he worked at Crédit Agricole Corporate and Investment Bank heading institutional client relationships. He earlier worked at BNP Paribas in corporate banking and structured finance, and as senior manager for mergers, acquisitions and initial public offerings at Livolsi & Partners.