Pictet's Asset Management Arm Adds To US-Focused Team

Tom Burroughes

13 September 2016

Pictet Asset Management, part of Geneva-headquartered private bank , has appointed Tim Holland as co-head of US sub-advisory within its US intermediaries group.

Holland will be based in London and will focus on developing the firm's sub-advised 1940 Act partnerships, supporting growth of existing funds and working with global financial institutions. He reports to Liz Dillon, head of PAM's US intermediaries group. (The 1940 Investment Company Act defines the responsibilities and limitations placed on open-end mutual funds, unit investment trusts and closed-end funds that offer investment products to the public.)

Previously, Holland worked at TAMRO Capital, where he managed the Aston/TAMRO small-cap fund, PAM said in a statement.

As at 30 June, Pictet had $447 billion of assets under management and custody.