People Moves
Bank Of China Recruits Senior Alternatives Specialists For New Geneva Office
Bank of China (Suisse) Fund Management, which has been recently set up by the state-owned Chinese bank, has recruited a team from Bedrock Alternative Asset Management in Geneva.
BoC has recruited Geneva-based investment manager Bedrock partners Daniel Penseyres, Grégore Haenni and Nicholas Salomon. The trio started their work at Bank of China from 1 December.
The creation of the Swiss private bank by such a large Chinese institution signifies how Chinese economic growth is no longer just attracting Western banks into the Asian giant, but encouraging Chinese banks and other firms to spread into Western markets also.
Mr Penseyres will head the fund selection and alternative investments division. At Bedrock, he was managing partner and co-portfolio manager of two funds of hedge funds and a large book of advisory mandates for ultra high net worth individuals.
In 2001, Mr Penseyres joined Darier Hentsch before its merger with Lombard Odier. Prior to that, he set up the alternative investments marketing, sales and advisory platform for Union Bancaire Privée in Geneva.
Mr Haenni will head the research and portfolio management within the fund selection and alternative investments division of BOC (Suisse) Fund Management. At Bedrock, he was a managing partner, as well as head of research and portfolio management. He was a portfolio manager of two fund of hedge funds, as well as tailor-made portfolios designed for UHNWI and based on proprietary multi-dimensional models that he developed over the last 15 years.
Prior to Bedrock, Mr Haenni was a senior qualitative and quantitative analyst at Pictet & Cie's hedge fund department. He was also the manager of the Asian multi-strategy fund of hedge funds and managed tailor-made portfolios of hedge funds.
Mr Salomon will act as operations manager of the fund selection and Alternative Investments division of BOC (Suisse) Fund Management. Prior to joining Bedrock Alternative Asset Management in Geneva as operation analyst in 2007, Mr Salomon was the operations manager at Cedar Partners, a single and funds of hedge funds firm in Geneva. He held a similar position with AIB/Mourant in Jersey, Bank of New York in Dublin and Société Générale in Paris.
