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Family investment groups recruit top talent…and lose top talent

The two-way street of investment talent moving between institutional asset management and family investment groups is as healthy as ever as these recent hires show. 

Yves Perrier, who recently stepped down as chief executive of Amundi, the French asset gatherer, has agreed to become a director at family-owned investment group, Edmond de Rothschild.

Perrier drove the growth of Amundi by acquisition. His experience will help Geneva-based de Rothschild’s plan to double assets under management from its existing 194 billion euros. The firm is open to acquisitions. 

The plan has been driven by president Ariane de Rothschild, who took over the supervision of the business from her late husband, Benjamin de Rothschild, on 15 January this year.  

Kinnevik hires top UK fund manager as chairman

Back in March, Kinnevik, the Swedish listed investment group owned by the Stenbeck, Klingspor and von Horn families, appointed James Anderson, UK star fund manager for Baillie Gifford, as chairman.

Anderson is widely regarded as one of the top fund managers in the UK, having built Baillie’s Scottish Mortgage Investment Trust as the biggest of its type in the UK. Anderson, a great and earlier believer in the tech sector and its influence on the world economy, was instrumental in building the Trust and Baillie Gifford’s move into many innovative companies at an early stage of their development, including Airbnb, Spotify, and Lyft

Anderson has had a close relationship with Kinnevik for more than seven years, and Baillie Gifford funds own around 8% of the Stockholm-based investment groups shares.

Alderwood Capital hires from Bertarelli-backed group 

Meanwhile, at the other side of the job hiring perspective between family investment groups and asset managers, Jon Little, managing partner at UK-based Alderwood Capital, has hired two former colleagues from Northill Capital, the asset management business they put together for Swiss billionaire Ernesto Bertarelli.

Rick Potter will become Alderwood partner and chair of its investment committee. Jeremy Bassil will also be a partner. 

Prior to Northill, the three individuals built up an asset management business for BNY Mellon. Alderwood intends to build its business by supplying equity capital to boutique asset managers to replace their existing shareholders.

 

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