UBP Picks Ivy CEO Morgenthal To Lead Fund Of Funds Effort

Jul 7 2010 | 10:30am ET

Union Bancaire Privée has named Ivy Asset Management’s Larry Morgenthal its new chief investment officer of alternatives.

The Swiss bank said Morgenthal, who was named CEO of Ivy in January following parent Bank of New York Mellon’s move to restructure its fund of hedge funds units, would also serve as CEO of UBP Asset Management. The firm said that Morgenthal would focus on UBP’s fund of funds platform.

“UBP has the right infrastructure to offer clients funds of hedge funds that can enhance the opportunity set for balanced portfolios, and for traditional equity and fixed income investments,” Richard Wohanka, CEO of asset management and alternative investments at UBP, said.

“Larry has a long track record of building alternative businesses through an understanding of client priorities and I am delighted that he will be leading the Alternatives division at UBP.”

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