Brussels-headquartered asset management firm Degroof Petercam AM has appointed Benoît Ruelle (pictured) as head of Third-Party Funds Selection, InvestmentEurope can reveal.
Ruelle oversees the company’s five-strong third-party funds selection team. He has been a senior portfolio manager-analyst with the Belgian firm since December 2011, focusing on the broad fixed income spectrum as well as on European equities and equity long/short strategies. Degroof Petercam AM’s new head of Third-Party Funds Selection was portrayed in InvestmentEurope last summer.
Ruelle succeeds Jean-Marc Turin, who was holding the role since October 2015 and had been responsible for Bank Degroof’s fund selection before the merger with Petercam in 2015. InvestmentEurope understands that Turin, who is also a member of Degroof Petercam group asset allocation committee, has been handed the management of four multi-asset allocation funds, that are sub-funds of the firm’s Luxembourg-domiciled Sicav DPAM Global Strategy L.
In this role, Turin will oversee the flagship Degroof Petercam Global Strategy L Low, Medium, Medium Low and High funds that had combined assets under management of over €8.7bn as of 31 December 2017.
Sebastiaan Grenné, who was a portfolio manager on these funds alongside Rudy Glorieux until January 2018, left after a 10-year stint with Degroof Petercam Asset Management. Grenné has joined Antwerp-headquartered bank insurance group Argenta as investment strategy expert at the start of February 2018.