Two new hires for PAM's emerging market equity team
| 09 December 2009 |
| Pictet Asset Management strengthens emerging market equity team with two high-profile appointments London - Pictet Asset Management, the institutional asset management arm of the Swiss private bank Pictet & Cie, today announces the appointment of Klaus Bockstaller as head of EMEA and Latin America (LatAm) and co-lead of the Global Emerging Markets Equities portfolios. Klaus will work together with Nidhi Mahurkar, Head of Asia. Hugo Bain joins as a Senior Investment Manager on Eastern Europe. |
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 Hugo Bain previously spent five years with Fleming Family and Partners Capital Management LLP (FCM) and was also a founding partner and co-manager of the FCM European Frontier Fund. He began his career in 1997 at ING, where he remained until 2002 as Head of Russian, Emerging Europe, Africa and Latin America sales. In 2002 he joined Merrill Lynch as Specialist EMEA sales. |
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Commenting on the appointments, Richard Heelis, Chief Investment Officer at Pictet Asset Management, said, “We have built our Emerging Markets business ver a period of almost twenty years. The high-profile appointments of Klaus and Hugo are a further step in deepening our expertise and resource in this key area and we are delighted that they are joining the team.” At 31 October 2009, Pictet had £5bn of assets under management invested in emerging market equities, including over £2.8bn in Global Emerging markets, £1.5bn in Asia (including Greater China), £400m in Eastern Europe (including Russia) and approximately £300m in Indian, Middle Eastern and global small-cap emerging equities. |
