Tuesday, 26 July 2016
Last updated 22 min ago
Oct 23 2012 | 12:49pm ET
Alternative asset management advisory Avalon Lake Partners has added Michael Byl as director, responsible for both marketing and compliance.
Byl has 30 years of industry experience, having worked both in North America and Europe, including stints as CEO and CCO of two registered investment advisory firms and a broker dealer. Byl has also executed business development programs for traditional and alternative asset management firms and his marketing experience included time at Julius Baer Investment Management and Pacific Financial (parent of PIMCO). Byl began his professional career with the Travelers.
“In this difficult capital-raising environment it is imperative that funds distinguish themselves from the competition by emphasizing and effectively communicating their edge to the right targets,” said Lou Sala, managing partner and CEO of Avalon, in a statement. "Avalon Lake Partners has a broad offering for start-ups and spin outs, and Michael’s comprehensive experience completes our offering. The timing is optimal as we have witnessed an uptick in new portfolio managers.”
At Avalon Lake Partners, Byl will fill a double role, managing marketing and client-facing activities, and working with the compliance team on regulatory issues.
Avalon Lake Partners spun out of WTP Advisors in September of this year, when the WTP capital markets team, led by Sala, Jay Goldstein and Ilicia Silverman, established Avalon to offer a full suite of CFO, COO and CCO services.