Asset manager Pictet Asset Management has appointed Tim Holland as co-head of US sub-advisory within its US intermediaries group.
"Over the past three years Pictet Asset Management has partnered with firms in the US to launch single strategy and multi-manager '40 Act mutual funds accounting for USD2 billion in AUM," says Liz Dillon, head of the US intermediaries group at Pictet Asset Management. "Tim's experience and knowledge in the sub-advised universe will add the next level of expertise to our team, reinforcing our success and commitment to the US sub-advised business."
Based in London, Holland (pictured) will focus on developing Pictet Asset Management's sub-advised US '40 Act partnerships, supporting the growth of existing funds as well as working with global financial institutions. He will report to Dillon.
Holland joins from TAMRO Capital where he managed the Aston/TAMRO small cap fund.
"Tim Holland brings a strong understanding of the US market which we expect will benefit our partners and their clients in the US mutual funds space," adds Laurent Ramsey, a managing partner of the Pictet Group and chief executive of Pictet Asset Management.
