Lombard Odier Investment Managers (LOIM), the institutional asset management arm of Lombard Odier Group, has appointed ThÃ©odore Economou as chief investmentofficer of its multi-asset business.
Economou will take up the role from 1 February 2015 and will be based in Geneva. He will develop LOIM's risk-based approach, designed to meet the needs of Sovereign Wealth Funds and pension funds.
Economou most recently served as chief executive officer and chief investment officer of the CERN Pension Fund, where he developed a risk-based approach known as the CERN Model. The multi-asset, factor-driven model aims to preserve capital while maximising returns, relative to risk.
Economou has also worked as assistant treasurer of ITT Corporation in New York, where he managed pension assets and liabilities and the firm's capital markets activities. Prior to that, he was a consultant with Accenture's Financial Services Group in Geneva and Zurich.
He will report to Jan Straatman, Chief Investment Officer of LOIM. Straatman says: "Clients are looking for sophisticated and solid approaches to today's volatile and low-yield environments.
"Théodore's depth of experience running pension funds and his outstanding knowledge of their investment needs in building portfolios will be extremely valuable to our clients."
LOIM's Geneva-headquartered business managed $54 billion (€46.7 billion) on behalf of clients at the end of June 2014.
©2015 funds europe