Belgian independent asset manager Petercam has strengthened its Italian team with the hire of Aniello Pennacchio as sales & account manager.
Pennacchio will be based in Milan and will work alongside Alessandro Fonzi (pictured), Italy country head.
The sales & account manager will target institutional clients, traditionally the core of Petercam’s client base, as well as distribution partners to help grow the asset manager presence in Italy.
Prior to joining Petercam, Pennacchio has worked for Euromobiliare Asset Management SGR for five years taking care of total return and benchmark products.
More recently, he was appointed product manager by the firm.
Petercam opened its office and registered its funds in Italy in 2013 and has recently struck a distribution agreement with CheBanca!
Country head Fonzi commented: “Aniello’s hire is in line with our plan to root our business in Italy. Over the past year, we have seen increasing interest among investors in our key strategies which include total return, high yield bond, European listed real estate and SRI.”