Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Fabien Pictet CEO quits for ex-GAM man’s boutique

Fabien Pictet CEO quits for ex-GAM man’s boutique

Michele Wood has left her role as chief executive of Fabien Pictet & Partners to join a boutique set up by a former GAM Japanese equities star.

Wood has been appointed as chief operating officer of PK Investment Management, which was established in 2002 by Paul Kirkby.

Kirkby quit GAM in 2001 after 16 years at the firm; he ran long-only and long/short Japanese equities funds there, and launched its first UK Oeic in 1997. From its inception until Kirkby’s departure, that fund returned 13.4% compared with an average of 3.1% from its peer group.

PK Investment Management terminated all of its investment management agreements with its clients in October 2012 due to Kirkby’s personal circumstances, and the firm ended 2013 with no assets under management.

However, PK subsequently won a contract to manage a segregated Japanese equities mandate worth $100 million (£60 million) in February 2014.

Before joining emerging markets specialist Fabien Pictet in 2010, Wood spent two years as chief operating officer of private equity adviser Wedge Alternatives and eight years before that at Deutsche Bank.

Fabien Pictet & Partners has recruited Rahil Mandalia as its new chief operating officer. Mandalia was most recently managing director of Jim Jam, which invested in the food services industry, having started his career in 1994 as a research analyst with asset management group Global Emerging Markets.

'Rahil brings to us a wealth of valuable experience and knowledge within operational and management functions,' commented Fabien Pictet, managing partner of Fabien Pictet & Partners.

'This appointment builds upon the work of his predecessor in re-positioning Fabien Pictet & Partners to thrive within the current environment of increased regulation and investor demand for greater transparency.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter