Nancy Everett was hired at Lombard Odier Investment Managers to help build business from U.S. institutional money managers such as pension funds.
Ms. Everett joined Lombard Odier after running BlackRock’s U.S. fiduciary management business from 2011 to 2013, Swiss bank parent Lombard Odier said in a statement today. She was managing director and co-head of markets and strategic asset allocation in BlackRock’s U.S. client solutions group. Ms. Everett was formerly CEO of Promark Global Advisors and chief investment officer for the $65.2 billion Virginia Retirement System, Richmond, where she began her career in 1979.
“Investors’ needs in this economic environment are increasingly sophisticated and as our U.S. business expands to respond, Nancy’s experience will help,” Hubert Keller, a managing partner at Lombard Odier overseeing the asset management unit Lombard Odier Investment Managers, said in a statement.
The firm increased assets managed for institutional clients to $47.7 billion at the end of 2013, from $25.2 billion at the end of 2008, as global markets rebounded from the financial crisis, according to the company.
Ms. Everett will be based in New York, where Lombard Odier has about 50 staff running alternative investment strategies and other services for international institutional clients.
