Investec Asset Management has beefed up its European business with the appointment of several new team members. Alex Ricchebuono has been appointed managing director, Continental European Distribution. He will assume overall responsibility for Investec Asset Management’s fund distribution and institutional business in Continental Europe. Mr Ricchebuono has worked for Schroders, Paribas and American Express in Italy, France and Latin America before joining Janus Capital in 2000 where he was most recently co-head of Financial Institutions, Europe. Existing institutional business development manager Anna Parlevliet, will relocate to London from the Cape Town office and will switch her geographic focus to cover European institutional sales. Four other individuals have been newly appointed. The enlarged European team will report to Richard Garland, managing director, International Distribution and will form part of what the company refers to as a major expansion plan for its asset management’s cross-border business including the Americas, Europe, Middle East and Japan. Investec Asset Management will now have a team of ten people covering Europe.