Pacific Asset Management bolsters senior team with two hires

Pacific Investments group has hired former HSBC multi-asset portfolio manager Will Bartleet and Deutsche Bank’s former global head of risk factors Louis Cucciniello to help build up its newly formed multi-asset business, Pacific Asset Management (PAM).

Pacific Asset Management bolsters senior team with two hires

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Launched on 30 November, PAM will initially focus on the multi-asset retail space, with institutional fund launches planned at a later stage.

Bartleet joins as chief investment officer and portfolio manager of Pacific’s range of multi-asset funds. At HSBC, he was most recently portfolio manager of multi-asset funds and chairman of their tactical asset allocation committee.

Before that, Bartleet was portfolio manager of a $1.5bn (£1.2bn, €1.4bn) absolute return, multi-asset portfolio and was responsible for the tactical positioning and selection of hedge funds, commodities and private equity.

Cuccineillo is joining as head of diversifying assets and alternative factor investing from Deutsche Bank where he worked for 10 years, most recently as managing director and global head of risk factors. Before that, he served as managing director and global head of multi-asset trading at Deutsche Bank’s investment bank.

Prior to joining Deutsche Bank, Cuccineillo worked at JPMorgan for 12 years where his roles included head of FX options, trading and sales for non-Japan Asia, and head of commodity exotics structuring at JPMorgan’s investment bank based in New York.

They will work alongside PAM chief executive Matthew Lamb who joined Pacific last month from Deutsche Asset Management, where he was global head of liquid alternatives. 

Lamb said: “I was very excited when Will and Louis agreed to come on board. They are both at the top of their game and will make an excellent addition to the team as we look to build on the outstanding track record of the Pacific Investments group and establish PAM as a recognised provider of liquid multi-asset vehicles to both the retail and institutional markets.” 

Bartleet said: “I was very impressed by the modern, common-sense investment approach that PAM has adopted as it seeks innovative and cost efficient ways to capture value in a zero-interest rate world.

Cucciniello said: “Risk premia should be an integral part of any multi-asset strategy and I look forward to drawing on my experience in this area to ensure that we are able to provide our clients with a fully diversified offering comprising individual non-correlated positive return factors.”