Fiduciary Trust Company International has hired Viraj Patel as new director of asset allocation within the firm’s investment platform.
In his new role, Patel will head the firm’s work on global capital market return and risk expectations across asset classes.
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Additionally, he will also focus on strategic modelling and market based tactical positioning for client portfolios.
Patel has joined Fiduciary from Northern Trust, where he has spent 10 years in various asset management roles having most recently served as a portfolio strategist for clients with multi-manager exposures.
Fiduciary Trust’s strategic and tactical asset allocation process is developed to minimize the effects of marketplace volatility to help clients achieve their financial goals. The firm manages US$43.7 billion in assets under management and administration as of 30 September 2013.
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