ATLANTA, April 15, 2015 /PRNewswire/ -- RidgeWorth International Ltd. is pleased to announce the hiring of Rahul Shah as Managing Director, Sovereign Wealth and Official Institutions, based in London.
In this capacity, Shah will lead RidgeWorth Investments' direct institutional sales and marketing efforts in the firm's newly established office in London. Working in concert with RidgeWorth Investments' existing institutional sales and client service team in the United States, Shah will focus on the marketing of RidgeWorth's entire product suite to Sovereign Wealth entities and Central Banks in Europe, Middle East and Asia.
"The expansion of RidgeWorth into international markets represents an exciting development for the firm," said Ashi S. Parikh, RidgeWorth Investments Chief Executive Officer and Chief Investment Officer. "This strategic global initiative, and the hiring of Rahul Shah, signifies continued progress in delivering excellence to our clients in the U.S. and abroad."
RidgeWorth International, located on Regent Street in London, represents the first international venture for the investment management firm. RidgeWorth Investments provides investors a collection of institutional asset management boutiques, each with a well-defined approach and all with unwavering commitments to exceptional performance. RidgeWorth and its boutiques collectively manage approximately $43.7 billion in assets as of March 31, 2015.
"Through our multiple, style-specific boutiques, we offer a wide range of equity, fixed income and asset allocation investment disciplines, which we believe can provide global investors with the necessary solutions to achieve their investment objectives," said Jim Stueve, RidgeWorth Investments President and Head of Global Distribution.
Shah most recently served as Global Head of Business Development, Official Institutions for London-based State Street Global Advisors. In that capacity, he was primarily responsible for developing relationships and providing solutions for official institutional clients, such as central banks, pension funds, sovereign wealth funds, and government bodies globally. Previously, he held other senior institutional sales roles at State Street Global Advisors and senior business development roles at Commonwealth Bank of Australia, Sydney. In 1997, Shah began his career in financial services at HRH Pvt Ltd in India.
"With institutional client relationships in six foreign countries and a growing pipeline of foreign prospects—the time is right to invest further in our non-U.S. business," said Patrick Mc Nelis, Managing Director of RidgeWorth International. "With over 15 years of industry experience, Rahul Shah brings deep knowledge of the global institutional marketplace to his new role."
Shah earned an MBA in Finance from La Trobe University in Melbourne and a Bachelors of Commerce degree from Osmania University in India.
About RidgeWorth Investments
RidgeWorth Investments serves as a holding company that owns interests in five investment boutiques with $43.7 billion in assets under management as of March 31, 2015. RidgeWorth's wholly owned boutiques are Ceredex Value Advisors, Certium Asset Management, Seix Investment Advisors, and Silvant Capital Management. RidgeWorth also holds a minority ownership in Zevenbergen Capital Investments. These investment boutiques manage a wide variety of investment disciplines across the fixed income and equity asset classes, and provide investment management services to a growing client base that includes endowments, foundations, corporations, healthcare organizations, municipalities, public funds, associations, insurance companies, labor unions and high net worth individuals. In addition, RidgeWorth wholly owns RidgeWorth International Ltd. (FRN 673689). RidgeWorth International Ltd. is an Appointed Representative of Mirabella Advisers LLP (FRN 606792), which is authorised and regulated by the Financial Conduct Authority. RidgeWorth Investments serves as the investment adviser to the RidgeWorth Funds mutual fund family. RidgeWorth Investments is a trade name for RidgeWorth Capital Management LLC, an investment adviser registered with the SEC headquartered in Atlanta. For more information about RidgeWorth, please visit www.ridgeworth.com.
©2015 RidgeWorth Investments. All rights reserved. RidgeWorth Investments is the trade name for RidgeWorth Capital Management LLC, an investment adviser registered with the U.S. Securities and Exchange Commission and the adviser to the RidgeWorth Funds. RidgeWorth Funds are distributed by RidgeWorth Distributors LLC, which is not affiliated with the adviser.
SOURCE RidgeWorth Investments