Michael Putica joined Pinnacle Investment Management from State Street Global Markets as managing director, Americas, to expand the Australia-based multiaffiliate investment management group's distribution footprint in the North American market.
The position, based in Orange County, California, is a new one.
Mr. Putica comes to Pinnacle from State Street Global Markets, where he served as head of sales, Americas, for that firm's portfolio solutions business, according to a Pinnacle news release.
A spokesman for State Street Global Markets couldn't immediately be reached for comment.
Mr. Putica will looks to expand Pinnacle's institutional and wholesale client base across North America, working in tandem with the firm's east coast managing directors, Jack Kirkpatrick and Alison Maschmeyer, the news release said.
The U.S. is Pinnacle's largest market outside of Australia by assets under management, with eight of the firm's 15 affiliates managing money for North America-based clients, the news release said.
Those 15 affiliates that Pinnacle holds minority stakes in collectively managed A$89.2 billion ($59.7 billion) in client assets as of March 31.