US - Deutsche Asset Management (DeAM) has hired Stephane Amara and Eddie Vandiver to boost its alternative and quantitative business development in North America.
Amara, who joins from Bank of Ireland Asset Management (BIAM) as director of alternative and quantitative business development in Canada, will be responsible for institutional sales and client service in the western region of the country, with selected institutions in Quebec and Ontario.
Since 2001, Amara was head of sales and consultant relations, Canada at BIAM, where he developed new business, created new product chanells and maintained relationships with the investment consultant community. Instability of personnel and weak performance in EAFE and US equities noticeably, have led BIAM to lose large chunks of business from US, UK and Australian pension funds over the last year.
In his new capacity, Amara will report to Geoff Moore, head of DeAM’s business development and client service, Canada.
Vandiver, who will take on the role of irector of Alternative and Quantitative Business Development Group in the US for its Quantitative Strategies business, will work with managing director Jerry Thimme to further develop DeAM’s institutional public fund business in the US. He will report to Marco Veissid, head of DeAM’s Alternative and Quantitative Business Development Group for North America.
His previous roles included responsibility for public pension fund sector sales at AIG Global Investment Group and Mellon Equity Associates and he is a former CIO of the Public Employees Retirement System of Mississippi, and investment manager at Southern Farm Bureau Casualty Insurance Company.
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