New York-based investment firm Vontobel Asset Management has named Rajiv Jain and Dr. Philipp Hensler as co-CEOs. The appointment becomes effective July 1, 2014. Jain is a 20-year veteran of the firm while Dr. Hensler is the former CEO of Oppenheimer Funds Distributors. Also, Heinrich Schlegel, the firm’s long-time CEO, will become chairman of the board of directors.
NEW YORK, March 19, 2014 /PRNewswire/ — Vontobel Asset Management is pleased to announce the promotion of Rajiv Jain (age 46), a 20-year veteran of Vontobel Asset Management, Inc., New York (VAMUS), and the addition of Dr. Philipp Hensler (age 49), former CEO of Oppenheimer Funds Distributors Inc., to the VAMUS team. Mr. Jain and Dr. Hensler will serve as Co-Chief Executive Officers (Co-CEOs) of the company’s New York-based money management boutique. The change will take effect July 1, 2014.
The Co-CEO structure will separate business and investment management functions. This will strengthen and maintain the integrity of our investment team and our investment-centric culture, as well as fortify the business model that supports the continued growth of the organization. Under the new leadership structure, Mr. Jain will continue his primary duties and responsibilities as Chief Investment Officer. Dr. Hensler will be responsible for all aspects of the business that are not directly related to investment management, including client service, operations and finance, as well as legal and compliance.
Heinrich Schlegel, the long-time CEO of VAMUS, will become Chairman of the Board of Directors. Mr. Schlegel has guided the group through 26 successful years, a period during which assets under management grew from US$150 million to more than US$40 billion. In addition to his duties and responsibilities as Chairman, Mr. Schlegel will continue to share his extensive industry knowledge for the benefit of other boutiques within the Vontobel Group.
“We believe these appointments promote continuity and stability within the firm. They also broaden the bench of senior management, equipping VAMUS to handle growth and deliver performance for the benefit of our clients. The Co-CEO structure will create the most favorable conditions for the organization to continue on its successful path,” said Axel Schwarzer, Head of Vontobel Asset Management.
Vontobel Asset Management, Inc. is a global investment management firm dedicated exclusively to managing long-only global equity portfolios. Established in 1984, Vontobel has approximately US$40 billion in assets under management. Vontobel serves both institutional and intermediary clients including some of the world’s leading corporations, and public and private pension funds. Vontobel is a wholly-owned subsidiary of Vontobel Holding AG and a sister company of Bank Vontobel AG, one of Switzerland’s foremost private banks for over eighty years. Vontobel Holding AG is an exchange-listed Swiss company.
For additional firm information, please visit www.vusa.com.