Baring Asset Management has appointed Percival Stanion as an asset allocation specialist in the strategic policy group.
Stanion will be responsible for the management of multi-asset portfolios for UK and European clients. He will report to James Williams, chairman of the strategic policy group.
Stanion joins Baring Asset Management from BNP Paribas Asset Management where he was head of asset allocation and strategy as well as chairman of the investment policy committee, with prime responsibility for the asset allocation process. Prior to that, he ran the global diversified accounts team at Pictet Asset Management. Stanion also had prime responsibility for building the asset allocation process.
The portfolio management team responsible for managing balanced and global and international equity portfolios for UK and European clients which Stanion will now head, was previously led by Michael Hughes. Hughes was promoted to chief investment officer in July 2000 and remains a member of the strategic policy group.
By Janet Du Chenne
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