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Pemberton brings on head of business development

Antoine Josserand was named head of business development at credit manager Pemberton Capital Advisors, a spokeswoman said.

The position is new. Mr. Josserand will oversee business development and investor services, starting July 30. He will be responsible for the development of the firm's institutional client base globally.

"We are continuing to see strong appetite from institutional investors for our strategies and we are committed to developing strong and responsive partnerships with our institutional investors. (Mr. Josserand) brings to the team a wealth of expertise from leading global financial institutions and is the perfect person to take Pemberton's strong commitment to investor relations to the next level," Symon Drake-Brockman, managing partner, said in a news release.

Mr. Josserand was head of international fund distribution for Europe, the Middle East and Africa at Citigroup. A spokeswoman could not be reached to comment about a replacement by press time.

Pemberton is the diversified credit manager backed by Legal & General Group, with €1.2 billion ($1.4 billion) in assets under management.