Liontrust has today (1 April) hired Phil Rosenberg as its distribution head for the Middle East and Asia in a move to “strengthen its international sales capability”.
Rosenberg moves to the firm from GAM Investments, where he spent 14 years as managing director and head of distribution for the Middle East.
He will now use his contacts to build upon Liontrust’s client base of sovereign wealth funds, pensions, family offices and wealth managers across the region.
Liontrust CEO John Ions said Rosenberg’s hire will “help us develop our client base in these important and fast-growing regions”.
Gulf Sovereign Wealth Funds (SWFs) represented 40% of the global sovereign wealth market last year with $12trn in assets under management, according to a Deloitte study. This is forecast to reach $18trn by 2030.
Rosenberg added: “Liontrust’s commitment to active fund management and disciplined investment processes makes it ideally suited to potential clients in the Middle East, Asia and Australia.
“Liontrust has an impressive range of long only and long/short funds managed by excellent investment teams. Liontrust’s exceptional client service will be another distinguishing factor in these regions. These strengths will enable us to grow Liontrust’s business in the Middle East, Asia and Australia.”