Caixabank AM has appointed three new managers for its alternative management, Sicav and Portfolio and Risk budgeting team led by Guillermo Hermida.
The first appointment, Fernando Sánchez, will be responsible for the fund selection division of the Spanish asset manager, succeeding Elena Ruiz Takata. Formerly, Sánchez was managing director within the same division.
A second addition is Paz de Sebastián, who joined the firm in May 2015 from Barclays Group in Spain and who has been appointed as new director of the management team of sicav and portfolio.
The third appointee, Carlos Gallo, will assume the management of the risk budgeting management team, in which he had held the position of managing director until now.
According to Inverco’s data, Caixabank AM managed about €45bn of assets as at end of June 2017.