Peter Sartogo has become managing partner of Global Wealth Management, a Geneva-based multi-family office. He joins from Deutsche Bank where...

Peter Sartogo has become managing partner of Global Wealth Management, a Geneva-based multi-family office. He joins from Deutsche Bank where he was a managing director in equity derivatives sales in London. Mr Sartogo will be responsible for the London office, which will be set up next year, and will be the second managing partner alongside Sigieri Diaz Pallavicini, who founded GWM five years ago. Further London hires are expected to be announced shortly, according to the Financial Times. GWM said it recently exceeded €1.5 billion ($1.82 billion) in assets managed, with traditional and alternative management (hedge funds and funds of hedge funds). The Pallavicini family, together with partners, hold a 51 per cent stake in GWM, while Italy's Banca Finnat has a 49 per cent stake. The London office will add to those already in New York, Geneva, Luxembourg, Milan and Rome.