People Moves
Swiss Bank's Investment Chief Moves To Saudi SWF - Media
A Middle Eastern sovereign wealth fund has reportedly hired an investment chief from a relatively small Swiss private bank.
The asset allocation chief of a boutique Swiss private bank,
Cyrille Urfer, has been hired to oversee investments in equities
and fixed income for Saudi Arabia's sovereign wealth fund, the
Public
Investment Fund, or PIF, the Wall Street Journal has
reported.
Urfer had been head of investments at Gonet & Cie, a
role he held for almost five years, according to his
LinkedIn profile. He has experience working in Middle Eastern
SWFs; from July 2008 to August 2011, he was chief investment
officer for equities and fixed income at the Abu Dhabi Investment
Council.
Among other roles, he was head of private asset management at
Lombard Odier, in Geneva, holding that role from 2001 to
June 2008. He has also worked at Credit Suisse.
Saudi's PIF is estimated to oversee around $200 billion in
assets, the WSJ report said, adding that Gonet and PIF did
not comment on the move.