Fund of hedge funds firm International Asset Management (IAM) has appointed Mike Paciullo as global head of operational due diligence based in IAM's New York office.
Paciullo has held senior positions within the operational due diligence field including tenures as vice president and operational due diligence specialist at JP Morgan Alternative Asset Management and director of operational due diligence for DB Advisors Fund of Funds. Paciullo takes over the role from Mark Faulkenberg who has pursued interests outside of operational due diligence.
Commenting on this appointment Morten Spenner, CEO at IAM, said:
"We are very pleased with Mike's appointment. As a firm, we place great importance on the operational due diligence area, its separate function and reporting line from general research, and our strong continuous track record in avoiding operational difficulties. Mike adds very strong experience and we welcome him to our team."
IAM was founded in 1989 and has offices in London, New York, Madrid and Stockholm. The firm has approximately $2.8 billion in assets under management.