MONEY MANAGEMENT

Artisan Partners bolsters European distribution team

Pearse Monaghan joined Artisan Partners (APAM) as a director on its London-based distribution team, said a spokeswoman.

The position is new. Mr. Monaghan leads business development in the U.K. and Ireland and is responsible for developing institutional and financial intermediary relationships.

“(Mr. Monaghan’s) hire reflects our firm’s continued commitment to the U.K. and Ireland, as well as the positive reaction to our business model and investment capabilities that we experience from investors across the Europe, Middle East and Africa region,” said Andrew Marks, managing director and head of EMEA distribution, in a news release.

Artisan Partners managed $103.8 billion in assets as of March 31.

Mr. Monaghan joined from Nomura Asset Management, where he was an institutional business development director. A spokeswoman was not available to comment about a replacement.