Pictet Asset Management, the asset management division of the Swiss private bank Pictet & Cie, has expanded its northern Europe team with the appointment of Micael Hagelin as senior business development manager.

Hagelin was latterly a Nordic sales director at Janus Capital International. In his new role he will be marketing PAM's conventional equity, fixed income, SRI and alternative investment products to institutional investors in northern Europe. He reports directly to Gerrit Van Gorp, chief marketing officer for the Benelux and northern European business.

The appointment is said to be part of the firm’s strategy to bolster offerings in the region.

Pictet Asset Management managed €94 billion ($134 billion) in assets on 31 March 2011.