Robert A. Picard joined Lyxor Asset Management as managing director and U.S. head of managed account development.
The position is new, confirmed spokesman Jim Galvin. Mr. Picard will work with U.S. investors seeking to invest in separately managed hedge fund accounts from the more than 100 hedge fund managers offered on Lyxor’s investment platform, Mr. Galvin said. He reports to Lionel Erdely, CEO of Lyxor U.S.
Mr. Picard was senior adviser to the financial institutions restructuring solutions team and worked with new hedge fund managers at Navigant Consulting. Carrie Grapenthin, a Navigant spokeswoman, did not return a call seeking information about Mr. Picard’s replacement.