This publication brings latest news of appointments in global wealth management.

PIMCO, the investment management firm overseeing $26 billion in alternative investment strategies, has hired Alice Cavalier as a senior vice president in its alternatives team. Cavalier will focus on the analysis of stressed and distressed investments in Europe. She will be based in London.  

Cavalier joins PIMCO from Bayside Capital, the distressed debt and special situations affiliate of private equity firm HIG Capital.  

Prior to that, she worked as an analyst in the leverage and acquisition finance department at Morgan Stanley.

The hire is part of the continued expansion of the 110-strong alternatives investment platform. It follows the hires of Paul Vosper, executive vice president and real estate strategist in New York, and Lionel Laurant, executive vice president and distressed credit portfolio manager in London, earlier this year.

“Recent hires include over 40 investment professionals across alternatives, client analytics, emerging markets, mortgages, real estate and macroeconomics,” Dan Ivascyn, PIMCO managing director and group chief investment officer, said in a statement. 

“Clients are continuing to diversify in their search for yield and alternative investment strategies are in high demand,” said Laurant. “We see excellent opportunities in the distressed credit market and expect this to continue for some time." 

In December last year, the company created a global advisory board of five made up of global policymakers such as former head of the European Central Bank Jean-Claude Trichet, former head of the US Federal Reserve Ben Bernanke, and former UK prime minister Gordon Brown.

(Anne-Sophie Briant-Vaghela is a journalist based in Hong Kong.)