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Pictet hires Barings trio for multi-asset launch

Pictet hires Barings trio for multi-asset launch

Pictet Asset Management is making a push into the multi-asset space with the triple hire of three multi-asset managers from Barings.

Percival Stanion - who was head of the multi-asset group at Barings - joins Pictet, alongside his colleagues Andrew Cole (pictured) and Shaniel Ramjee.

Pictet is expected to launch a multi-asset fund for the team in the months ahead.

Following their exit, Barings named its chief investment officer Marino Valensise as Stanion’s replacement. He has taken over the Baring Dynamic Asset Allocation fund, while Christopher Mahon now runs the Baring Multi Asset fund.

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