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MONEY MANAGEMENT

Pictet recruits U.K. senior business development manager

Tim Bird will join Pictet Asset Management as senior business development manager for U.K. institutional sales, confirmed a spokeswoman.

The position is new, and Mr. Bird will join later this year.

He will report to Roger Price-Haworth, head of institutional - U.K. and Ireland.

Mr. Bird will join from Allianz Global Investors where he is a director in the U.K. institutional sales and client servicing team. A spokesman for Allianz declined to comment.

Pictet has more than $165 billion in assets under management across equities, fixed-income, multiasset and alternative strategies.