LONDON, Sept. 12, 2016 /PRNewswire/ -- Leading asset manager Pictet Asset Management has appointed Tim Holland Co-Head of U.S. Sub-Advisory within its U.S. Intermediaries Group.
"Over the past three years Pictet Asset Management has partnered with firms in the U.S. to launch single strategy and multi-manager '40 Act mutual funds accounting for 2 billion dollars in AUM," said Liz Dillon, Head of the U.S. Intermediaries Group at Pictet Asset Management. "Tim's experience and knowledge in the sub-advised universe will add the next level of expertise to our team, reinforcing our success and commitment to the U.S. sub-advised business."
Based in London, Tim will focus on developing Pictet Asset Management's sub-advised U.S. '40 Act partnerships, supporting the growth of existing funds as well as working with global financial institutions. Tim will report to Liz Dillon.
Tim joins from TAMRO Capital where he managed the Aston/TAMRO small cap fund.
"Tim Holland brings a strong understanding of the US market which we expect will benefit our partners and their clients in the U.S. mutual funds space," added Laurent Ramsey a Managing Partner of the Pictet Group and Chief Executive of Pictet Asset Management.
The Pictet Group
Founded in 1805 in Geneva, the Pictet Group is a leading independent asset and wealth management specialist with USD 447 billion in assets under management and custody at 30th June 2016.
The Pictet Group is headquartered in Geneva with over 3,900 staff in 26 centres worldwide.
Pictet Asset Management includes all the operating subsidiaries and divisions of the Pictet Group that carry out institutional asset management and fund management.
At 30th June 2016, Pictet Asset Management managed USD 158 billion in assets, invested in equity and bond markets worldwide.
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Information used in the preparation of this document is based upon sources believed to be reliable, but no representation or warranty is given as to the accuracy or completeness of those sources. Any opinion, estimate or forecast may be changed at any time without prior warning.
This document has been issued by Pictet Asset Management Limited which authorised and regulated by the Financial Conduct Authority in the United Kingdom. Pictet Asset Management Limited is also registered as an SEC Investment Adviser and its activities are conducted in full compliance with the SEC rules applicable to the marketing of affiliate entities as prescribed in the Adviser Act of 1940 ref. 17CFR275.206(4)-3.
Pictet Group Corporate Communications
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SOURCE Pictet Asset Management