The Financial Times: Movers & shakers:
Two new faces join Pacific Asset Management, the newly launched multi-asset business of Pacific Investments, the asset management, private equity and real estate group. Will Bartleet joins as chief investment officer from HSBC while Louis Cucciniello will become head of diversifying assets after moving from Deutsche Bank.
International Adviser: Pacific Asset Management bolsters senior team with two hires
Pacific Investments group has hired former HSBC multi-asset portfolio manager Will Bartleet and Deutsche Bank’s former global head of risk factors Louis Cucciniello to help build up its newly formed multi-asset business, Pacific Asset Management (PAM).
Launched on 30 November, PAM will initially focus on the multi-asset retail space, with institutional fund launches planned at a later stage.
Bartleet joins as chief investment officer and portfolio manager of Pacific’s range of multi-asset funds. At HSBC, he was most recently portfolio manager of multi-asset funds and chairman of their tactical asset allocation committee.
Before that, Bartleet was portfolio manager of a $1.5bn (£1.2bn, €1.4bn) absolute return, multi-asset portfolio and was responsible for the tactical positioning and selection of hedge funds, commodities and private equity.
Cuccineillo is joining as head of diversifying assets and alternative factor investing from Deutsche Bank where he worked for 10 years, most recently as managing director and global head of risk factors. Before that, he served as managing director and global head of multi-asset trading at Deutsche Bank’s investment bank.
Investment Week: Pacific Investments appoints senior duo for multi-asset arm
Pacific Investments Group, the business run by Sir John Beckwith, has appointed two senior managers to head up its multi-asset business, Pacific Asset Management (PAM), launched last month.
Will Bartleet joins PAM as chief investment officer and portfolio manager of Pacific's range of multi-asset funds. He previous worked at HSBC Asset Management for 16 years, most recently as portfolio manager of a $5bn range of multi-asset funds and chairman of the company's tactical asset allocation committee.
Louis Cucciniello has also joined as head of diversifying assets and alternative factor investing.
Cucciniello previously worked at Deutsche Bank for ten years, most recently as managing director and global head of risk factors. In this role, he and his team developed and managed quantitative alternative investments.
The two new hires will work alongside PAM's chief executive Matthew Lamb, who joined the company last month from Deutsche Asset Management, where he was head of liquid alternatives.
Lamb said: "I was very excited when Will and Louis agreed to come on board. They are both at the top of their game and will make an excellent addition to the team as we look to build on the outstanding track record of the Pacific Investments group and establish PAM as a recognised provider of liquid multi-asset vehicles to both the retail and institutional markets."
Financial News: Beckwith’s boutique bolsters multi-asset bench; Sir John Beckwith’s Pacific Investments launched a new multi-asset boutique in November
Citywire/Wealth Manager: Beckwith's Pacific AM hires senior duo from HSBC and Deutsche Bank