Pacific Asset Management bolsters international distribution team with two senior hires
Read the full press release below
Pacific Asset Management, the asset management arm of Sir John Beckwith’s Pacific Investments Group, has announced the hiring of industry veterans David Macdonald and David Cockerton to support in the firm’s international expansion.
As featured in:
Both bring a wealth of experience and expertise having collectively worked in the international financial services industry for over 50 years. They have
both held senior positions at global insurance and investments companies. The pair will primarily concentrate their efforts in Asia and the Middle
East where they both have spent large parts of their careers.
Cockerton previously held several senior global positions with Zurich. He left the insurance giant in 2017 after 23 years of service developing key strategic relationships across the Middle East, Asia and Europe. Macdonald brings an equally impressive track record having been Head of Sales (Asia) for Royal Skandia and most recently Global Head of Sales at VAM, the Luxembourg based specialist investment firm.
Matthew Lamb CEO at PAM said, “We are delighted to have both David Cockerton and David Macdonald join the Pacific team, they share our energy, hands on service and client first ethos. In particular, they understand the need to pass the benefits of the industrialization of the asset management industry, namely transparency and cost, to the end client.”
David Cockerton, said, “We are both really looking forward to joining the Pacific team and in supporting the growth of the firm internationally. PAM’s highly cost-efficient investment solutions and their hugely impressive fintech capabilities, has been a huge draw for us. PAM have embraced regulation in their target markets and I was particularly pleased to see the proposition regulated in Dublin under UCITS V legislation also licensed with the Securities and Commodities Authority (SCA) in the UAE, MAS in Singapore for accredited investors and FINMA in Switzerland. We are very excited and looking forward to going to market with Pacific’s modernized offering.”
David Macdonald added, “The international space has started to see the same compression on fees that we have seen in the UK. PAM is a step ahead and brings an institutional approach with institutional fees to the offshore world.”
IMPORTANT INFORMATION | Issued and approved by Pacific Capital Partners Limited, a limited company registered in England and Wales, authorised and regulated by the Financial Conduct Authority. The information contained herein is not approved for use by the public and is only intended for recipients who would be generally classified as investment professionals. Information or opinions contained in this article do not constitute an offer to sell or a solicitation, or offer to buy, any securities or financial instruments or investment advice or any advice or recommendation in respect of such securities or other financial instruments. Where past performance is shown it refers to the past and should not be seen as an indication of future performance.