EUROPE - Alternative investment specialist FIM has appointed a new chief operating officer in a bid to beef up its institutional fund of funds business across Europe.
Owen Sweetman takes on the new role; he was recently a consultant on multi-manager investment programmes to investment houses. Prior to that, he was the marketing and operations director of SEI Investment Europe. He was also instrumental in creating the manager of manager asset management and pension outsourcing service for the then Sedgwick Noble Lowndes.
Carlo Grosso, chairman and chief executive officer of FIM, said: Institutional investors are becoming increasingly aware of the part alternative investments can play as a constituent of overall investment portfolios.
“We have ambitious aims to increase our position in this sector, with particular emphasis on Pan-European markets. To help us in achieving this objective, we need to ensure that our operating structure is being run to maximum efficiency.”
By Madhu Kalia
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The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.
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