The current round of sales hiring by fund managers continues, as Shen Tan joins US firm Pyramis Global Advisors in
“The addition of sales and client service professionals in
Last year, Pyramis added similar resources in
Having assumed his newly created role last month, Tan reports to Kevin Uebelein, chief executive of Pyramis. Tan will continue his focus on developing solutions for sovereign wealth funds, central banks and other institutions. His particular emphasis will be on global long-only and long/short equity strategies -- particularly in the global small-cap sector -- and fixed-income investments.
Pyramis had $144 billion in assets under management as of 30 June, spread between international/global equity ($71.3 billion), fixed income ($50.7 billion), US equity ($19 billion) and alternative investments ($3 billion).
During five-years with Deutsche Asset Management (DeAM) in
At DeAM and Schroders, Tan assembled and developed teams of institutional sales professionals in addition to establishing and cultivating institutional client relationships.
He was also research manager for Asia-Pacific at investment consultant Watson Wyatt in
Other asset managers to have hired senior sales executives in