Percival Stanion, Andrew Cole and Shaniel Ramjee, who left Barings earlier this summer, will join Pictet’s London office in the coming months.
Stanion will become vice chairman at the firm, joining as head of multi asset strategies (excluding Switzerland) and reporting to Olivier Ginguené, head of asset allocation & quantitative investments.
As co-chairman of the Pictet Asset Management Strategy Unit with Ginguené, Stanion will work closely with Luca Paolini, PAM chief strategist in the core group of the 16-person unit.
Little has been revealed about Diversified Growth Fund at this stage, though Pictet has confirmed it will also look to launch similar products for other markets in the coming months.
Renaud de Planta, managing partner of the Pictet Group and CEO of Pictet Asset Management, said: "We are delighted to be able to attract a person of Percival’s calibre, and this hire demonstrates our determination to expand our existing multi-asset strategies for clients both in the UK and elsewhere.”
