Unigestion, a European privately owned asset manager with over USD11bn of assets under management, has appointed Fiona Frick as chief executive officer.
Régis Martin, Unigestion’s current chief financial officer, will take the additional role of deputy chief executive.
Frick and Martin will be supported by an executive committee comprised of five managing directors, responsible for the day-to-day running of Unigestion.
Previously head of equities, Frick has been with Unigestion for almost 20 years and ran several investment strategies before initiating the research on Minimum Variance in 1995, which targets long-term excess returns with less volatility.
Her responsibilities as head of equities will be taken over by Alexei Jourovski, who has been a major contributor to the development and research of the Minimum Variance technique and has been part of the team for more than ten years. He will oversee a team of 19 professionals.
Frick will continue to be closely involved in the overall development of Unigestion’s Minimum Variance equities capabilities as chairman of the newly established Minimum Variance investment and research committee.
Current chief executive officer Patrick Fenal will take the role of deputy chairman of the board alongside Bernard Sabrier, chairman. Both will maintain their strategic roles in the company, including involvement in Unigestion’s hedge funds and private equity investment committees.
Sabrier says: “These changes reflect the growth and success that Unigestion has experienced and our determination to maintain this momentum in such a broad and changeable investment landscape. We are very confident that our clients will benefit from this management structure, which will bring an even more integrated, efficient, creative and strategic approach to our activities.”
