Pacific Asset Management has hired two senior analysts to join its North American equities team in August this year, amid plans to expand its US equities platform.
Paul Allison and Preston Park will both join from Border to Coast Pension Partnership, a Leeds-based firm which manages local government pension scheme funds.
In his previous role, Allison served as portfolio manager for US equities, overseeing some $5bn of assets under management. Prior to this, he has held senior portfolio manager roles at Tesco Pension Investment, Fideuram Asset Management and BAE Systems Pension Fund.
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During his time at Border to Coast, Park co-managed a quality-focused US equities portfolio. Previously, he worked as a senior analyst at Findlay Park spanning multiple sectors.
In their new respective roles, Allison will cover the financials and industrial sectors as well as portfolio strategy, while Park will focus on consumer, TMT and healthcare. They will report to John Feeley, manager of the £52m Pacific North American Opportunities fund.
Feeley joined the firm in January this year, having previously spent 14 years at Findlay Park as its deputy CIO. The moves come ahead of plans for Pacific to “evolve and grow” its US equity offering for investors.
Commenting on the dual appointments, Feeley said: “We are delighted to welcome Paul and Preston to the team. Both bring exceptional investment experience, strong analytical capabilities and a deep understanding of US and global equity markets.
“Their appointments further enhance the breadth and depth of our expertise as we continue to build out our specialist North American equities platform and deliver long-term value for clients.”
