London-based Insparo Asset Management has appointed Bibi Korvalian to fill the newly created post of head of sales and marketing.
In her new role, Korvalian will lead marketing efforts for the firm’s existing MENA funds—including the recently launched Insparo Africa Equity Fund—and assist in the development of new “frontier market” products.
Korvalian comes to Insparo from Deutsche Bank where she headed institutional hedge fund sales, marketing funds directly to pension funds, insurance companies, proprietary banks and family offices. Prior to joining Deutsche Bank, Korvalian was responsible for sales in Europe and the Middle East for Paloma Partners Management Company. She also worked as global sales and client relations manager at La Fayette Investment Management, after starting her career at Clinton Investment Group.
Said Insparo founder Mohammed Hanif:
“Our main focus since launch has been on establishing and maintaining strong performance in frequently volatile markets. Our track record bears out our success in that approach, and we have seen a significant interest from investors looking to add Frontier Markets to enhance returns as well as add diversification to risk.
Insparo’s flagship Africa and Middle East Fund has returned 32% since inception.