NEW YORK, Nov. 18, 2010 /PRNewswire/ -- Lyxor Asset Management Inc. ("Lyxor U.S.") has hired Robert Picard as U.S. Head of Managed Account Development. Mr. Picard is based in New York and reports to Lionel Erdely, CEO of Lyxor U.S.
Prior to joining Lyxor, Mr. Picard was Senior Advisor to Navigant Consulting's Financial Institutions Restructuring Solutions Team and active in advising emerging hedge funds. Earlier, he was Chief Investment Officer and Head of Hedge Fund Research at Optima Fund Management overseeing $6.5 Billion of hedge fund investments and a Managing Director at The Carlyle Group where he built and managed an institutional platform for alternative investments. Prior to joining Carlyle, Mr. Picard was Managing Director at RBC Capital Risk Advisors. His Group actively managed more than US $10 billion of Royal Bank's proprietary assets through arbitrage trading, hedge fund investments and structured private equity investments.
Lyxor Asset Management S.A.
Lyxor Asset Management S.A. is a subsidiary of Societe Generale and was created in 1998 to offer innovative financial products to institutional investors. Lyxor Asset Management S.A. is present in Europe, Asia, and the United States and is the global parent of Lyxor Asset Management Inc.
SOURCE Societe Generale