UBP Asset Management, a fund of funds management company of Union Bancaire Privée, has appointed Matt Auriemma as co-head of structural risk analysis.
Auriemma was previously head of operational due diligence for Barclays Wealth.
"Matt's unparalleled experience and skill in designing and implementing operational risk platforms will ensure that our clients benefit from the industry's most rigorous structural risk analysis," says Matthew Stadtmauer, chief executive officer of UBP Asset Management. "This is one of many steps we are taking to refine our risk analysis process and reinforce our commitment to alternative investments."
Auriemma has a 15-year career as an auditor, administrator and senior executive, including building three operational risk departments from the ground up. In his role as head of operational due diligence for both Barclays Wealth and Barclays Global Investors, he designed and implemented the operational risk platforms, and was a member of the investment committee.
Prior to joining Barclays in 2005, Auriemma was head of operational due diligence for Julius Baer Investment Management. Before joining Julius Baer, he ran operations for two US based hedge fund managers and was instrumental in establishing a US presence for Citco Fund Services.
Auriemma is UBP's third major hire this year. Sara Sprung was hired in July to fill the newly created position of chief investment officer, coming from Fortress Investment Group. Also in July, Jonathan Morgan joined as head of research for alternative investments from Barclays Global Investors.