Pictet Asset Management merged its Quest Global quantitative division with its multi-asset solutions team in December, Citywire reported.
The combined team is now under the joint leadership of David Wright and Cyril Camilleri, who will serve as co-leaders. Pictet confirmed the news.
It comes after Pictet’s former head of multi-asset solutions, Philippe Paul, stepped down after 24 years at the firm. It is understood Paul, who also spent 14 years at UBS, left the firm at the end of January.