Rupert Hope has joined Lazard Asset Management as a director and portfolio manager, a spokeswoman said.
The position is new. Mr. Hope will help grow the firm’s emerging markets and global multiasset solution platform. He is based in New York and reports to Jai Jacob, a managing director and portfolio manager who heads Lazard’s multiasset investment team.
Mr. Hope was a managing director and co-head of global equity distribution at RenCap Securities. It could not be learned whether he was replaced; RenCap Securities spokeswoman Daria Khilenkova could not be reached by press time.
Lazard Asset Management had $198 billion in assets under management as of Sept. 30, $3.9 billion of which was in multiasset allocations.