This publication carries latest news of moves and hires in the global wealth management industry.

Pictet Alternative Advisors, part of Geneva-headquartered Pictet, has appointed Heinrich Merz as head of hedge funds. He leads a team of 14 hedge fund specialists and will report to Nicolas Campiche, chief executive of PAA.

Merz has 12 years’ experience in the alternative investments industry. Most recently, he was chief investment officer at Amundi Alternative Investments, the specialist alternative boutique of Amundi, where he looked after more than €5.6 billion ($6.3 billion) in alternative assets. Starting his career as a senior analyst at Concordia Advisors, a €2.3 billion multi-strategy hedge fund, he has also worked at Permal Investment Management as deputy chief investment officer.  

In this new role, Merz will manage €9.1 billion of assets in single and multi-manager hedge fund strategies, Pictet said in a statement. 

Founded in 1991, Pictet Alternative Advisors manage $18 billion on behalf of institutional and private clients.