Pictet Asset Management has hired the Barings multi-asset trio which resigned from the group last month.
Percival Stanion, who had been at Barings for 13 years, will be named vice chairman of Pictet and become head of multi-asset strategies (excluding Switzerland).
He will report to Olivier Ginguené, head of asset allocation & quantitative investments.
As co-chairman of the Pictet Asset Management strategy unit with Mr Ginguené, Mr Stanion will work closely with Luca Paolini, chief strategist, in the core group of the 16-person unit.
The group said it planned to launch a multi-asset fund - Diversified Growth fund - with plans to launch similar products at a later stage.
Renaud de Planta, managing partner of the Pictet Group and chief of Pictet Asset Management, said the hire “demonstrates our determination to expand our existing multi-asset strategies for clients both in the UK and elsewhere”.
