TOBAM, Paris-based quantitative asset manager, has strengthened its presence in North America by opening an office in New York.
The firm has appointed two Amundi US executives – Stephane Detobel and Francis Verpoucke – as managing directors of the newly created and fully-owned TOBAM North America, International Adviser has reported.
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Both Detobel and Verpoucke will be responsible for business development and relationship management with US investors.
Detobel joined Amundi in 2001, and in 2008, was responsible for launching that company’s USA operations, while Verpoucke spent some 12 years with Amundi, after having begun his career in 1996 as an auditor at PriceWaterhouseCoopers Belgium.
The move follows a partnership agreement signed by TOBAM and third-party marketer Investeam four years ago in Canada; and two years after the company received an SEC investment adviser license, after having received an allocation from CalPERS, the giant US pension fund.
Currently, TOBAM had US$5.4 billion in assets under management, which represents a doubling of assets over the year-to-date.
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By GlobalDataThe company is majority employee-owned, apart from the 17.5% Amundi stake as well as a 12% share held by CalPERS, through its External Manager Development Program.
