RidgeWorth International has appointed Rahul Shah as managing director, sovereign wealth and official institutions, based in London.
In this capacity, Shah will lead RidgeWorth Investments’ direct institutional sales and marketing efforts in the firm’s newly established office in London.
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Working in concert with RidgeWorth Investments’ existing institutional sales and client service team in the US, Shah will focus on the marketing of RidgeWorth’s entire product suite to sovereign wealth entities and central banks in Europe, Middle East and Asia.
RidgeWorth Investments CEO and CIO Ashi Parikh said, "The expansion of RidgeWorth into international markets represents an exciting development for the firm. This strategic global initiative, and the hiring of Rahul Shah, signifies continued progress in delivering excellence to our clients in the U.S. and abroad."
RidgeWorth International, located on Regent Street in London, represents the first international venture for the investment management firm.
RidgeWorth Investments provides investors a collection of institutional asset management boutiques, each with a well-defined approach and all with unwavering commitments to exceptional performance.
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By GlobalDataRidgeWorth and its boutiques collectively manage approximately $43.7bn in assets as of 31 March 2015.
"Through our multiple, style-specific boutiques, we offer a wide range of equity, fixed income and asset allocation investment disciplines, which we believe can provide global investors with the necessary solutions to achieve their investment objectives," said RidgeWorth Investments president and global distribution head Jim Stueve.
Shah most recently served as global head of business development, official institutions for London-based State Street Global Advisors.
In that capacity, he was primarily responsible for developing relationships and providing solutions for official institutional clients, such as central banks, pension funds, sovereign wealth funds, and government bodies globally.
Previously, he held other senior institutional sales roles at State Street Global Advisors and senior business development roles at Commonwealth Bank of Australia, Sydney. In 1997, Shah began his career in financial services at HRH in India.
RidgeWorth International managing director Patrick Mc Nelis commented, "With institutional client relationships in six foreign countries and a growing pipeline of foreign prospects — the time is right to invest further in our non-U.S. business. With over 15 years of industry experience, Rahul Shah brings deep knowledge of the global institutional marketplace to his new role."
