Partners Capital Announces Expansion of Office of the CIO with Two Internal Appointments
AsiaNet 89443
LONDON and BOSTON, May 11, 2021 /PRNewswire=KYODO JBN/ --
- Suzanne Streeter and Alex Band to succeed Colin Pan as First Co-Chief
Investment Officers for Global OCIO Firm
Partners Capital (
), a leading global Outsourced Investment Office, announced that Suzanne
Streeter and Alex Band will be succeeding Colin Pan as the firm's Global
Co-Chief Investment Officers, effective 1 July.
Photo -
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Co-CIOs Streeter and Band are partners at the firm and were previously the
Asset Class Heads of Private Equity and Public Equities, respectively. The firm
will announce their successors shortly. Streeter and Band will join Chairman
Stan Miranda, Head of Global Macro and Tactical Asset Allocation Kamran
Moghadam, and Chief Executive Officer Arjun Raghavan in the Office of the CIO,
which oversees the firm's overall investment strategy and policies.
Streeter and Band will work closely with Pan to ensure a smooth and successful
transition. Pan had previously informed the Board of Directors that he will
step down in August to pursue an entrepreneurial endeavor.
"Our Office of the CIO remains the key unit for investment strategy and
oversight at Partners Capital and its evolution is critical in serving our
growing global client base," said Raghavan. "After a rigorous evaluation
process of assessing both internal and select external candidates, our Partner
group and Board members concluded that Suzanne and Alex's combined experience
and skillsets were ideally suited to the future demands of the CIO role. We
firmly believe that together, they provide outstanding investment judgement,
deep asset class knowledge and the team leadership necessary to continue
driving strong levels of performance for our clients."
Streeter joined Partners Capital in 2015. She most recently served as Head of
Private Equity and Real Estate, leading the global research team responsible
for manager selection and relationship management. In her role as asset class
head, she significantly deepened the firm's private markets capabilities,
including a push into co-investments, venture capital and emerging managers.
She joined Partners Capital from Babson Capital Management, the investment
management arm of MassMutual, where she led Private Equity investments in North
America, Europe and Latin America. Previously, she spent five years on the
Private Equity team at the Yale Investments Office and 10 years in investment
banking at Morgan Stanley and Berkshire Capital, where she covered financial
institutions and asset managers. Streeter holds a BA from Holy Cross and an MBA
from the Yale School of Management.
Band joined Partners Capital in 2013 and most recently served as Head of Public
Equities where he covered long-only and long-short strategies and manager
relationships. He has been responsible for several innovations in the public
equities program, including a push into sector specialists across themes such
as life sciences, expanding the firm's public markets co-investment strategies
and turning around performance on the long-hold equities strategy. Prior to
joining Partners Capital, he was a Vice President at Bain Capital in the global
Private Equity group, overseeing investment due diligence, deal execution and
portfolio management. Previously, Band was a Senior Associate Consultant at
Bain & Company. He holds a BA in Biochemical Sciences from Harvard College and
an MBA from Harvard Business School.
"Since joining Partners Capital over six years ago, I have been consistently
impressed with the deep bench of top-tier talent and the firm's meticulous
approach to investing," said Streeter. "It is an honor to co-lead the Office of
the CIO with Alex, a partner who epitomizes the ethos of the firm with his
intellectual rigor and unmatched global investment expertise."
"I am thrilled to join Suzanne, a partner who I have the utmost respect and
admiration for given her deep knowledge and experience within global private
markets," said Band. "We are excited to work together as Co-CIOs to continue to
enhance our investment program and drive superior levels of performance for our
clients."
About Partners Capital
Founded in 2001, Partners Capital is a wholly independent Outsourced Investment
Office (OCIO) primarily serving sophisticated institutions and senior
investment professionals in Europe, North America and Asia Pacific. With
offices in Boston, New York, London, Singapore, Hong Kong, San Francisco and
Paris, the firm is one of the few truly global OCIOs, employing 230 people
worldwide and covering all major asset classes. The firm oversees assets in
excess of $40 billion.[1] Additional information on Partners Capital may be
found at http://www.partners-cap.com
Contact
Prosek on behalf of Partners Capital
pro-partnerscapital@prosek.com
[1] As at May 2021
SOURCE Partners Capital
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