Permal Investment Management Services has appointed Andrew Rozanov as managing director, head of sovereign advisory.
Rozanov joined on 1 July and is responsible for developing Permal’s relationships with sovereign wealth funds, as well as further enhancing the group’s portfolio construction and risk management capabilities.
Rozanov has held various roles at State Street, most recently at State Street Global Markets, where he was managing director and head of sovereign advisory, portfolio and risk management group. In this role, he provided specialist portfolio advice to sovereign clients and to other large institutional investors.
Omar Kodmani, Permal senior executive officer, says: “Andrew is an ideal fit within the Permal team. I have known him for many years and he has a unique in-depth understanding of the issues and priorities of large sovereign funds around the world. With a distinguished career at State Street and with his knowledge of the sovereign and institutional sector, Andrew enables us to extend our reach and ability, adding a new aspect to Permal’s business.”
Rozanov adds: “To join the Permal team is a tremendous opportunity. This is a business that has already made inroads into the sovereign wealth sector. Permal has the necessary attributes that sovereign funds are looking for, with successful long track records, deep liquid funds, one of the largest separately managed account platforms, and an extensive global infrastructure.”
