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From Precy Dumlao, Opalesque Asia – Global asset manager and investment solutions provider Lyxor Asset Management has appointed Michael Bernstein head of North American Business Development.

In a statement, Lyxor said that Bernstein first joined the firm in 2009 and was most recently head of U.S. Pensions and Consultants.

"The North American market is a key area of development for Lyxor and the firm has strong ambitions for continued growth in the region. In recent years, Lyxor has seen major breakthroughs with some of the region’s largest pensions, endowments, consultants and wealth management firms. These partnerships demonstrate the strong alignment between Lyxor’s expertise and the investment challenges faced by North American investors. Under Bernstein’s leadership, Lyxor plans to expand the local Business Development team to ensure that this success continues," Lyxor said in the statement.

With his new role, Bernstein will be responsible for further strengthening and developing relationships with institutional investors, consultants, distribution partners and other asset managers. To implement Lyxor’s strategy for the region, Bernstein will leverage the scope of Lyxor’s capabilities, including managed account, advisory, fund of fund, index and quantitative solutions.

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