Gottex Names First CIO After Senior Partner Retires

Dec 18 2008 | 3:00am ET

Swiss fund of hedge funds shop Gottex Fund Management has named Richard Leibovitch, the head of its North American business, its first chief investment office.

Leibovitch promotion comes after Peter Bennett, the US$13.5 billion firm’s senior investment partner, announced plans to retire next year. Bennett is the chairman of Gottex’s research and allocation committees, and also runs the firm’s Asian business. Bennett plans to leave the firm at some point during the first three quarters of 2009.

Leibovitch will remain head of Gottex’s North American business and will also continue to co-manage the firm’s flagship market-neutral funds. James Singh, Bennett’s deputy in Asia, will take over for the retiring partner in that region.

Gottex also said that its head of corporate communications, Andre Keijsers, will join the its executive management committee.

“We are very pleased with the appointment of Richard as chief investment officer which will ensure our continued focus on investment performance within Gottex,” CEO Joachim Gottschalk said. “He is an outstanding investment professional and I am sure that as a company we will reap many benefits from his capabilities. In addition, I personally and all my colleagues at Gottex would like to thank Peter for his extensive contribution to Gottex over the years and wish him the very best. Finally, we believe that both Jim Singh and Andre Keijsers are strong additions to our executive team and will be key contributors to the future success of our company.”


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