Jane Buchan and Girish Reddy
The co-chief executives of the $30 billion PAAMCO Prisma are stepping do›wn and moving to advisory roles within the firm.
Effective August 1, Jane Buchan and Girish Reddy will relinquish their roles to a six-member executive committee. The investment manager’s new leadership consists of Anne-Gaelle Carlton, head of client service; Mayer Cherem, opportunistic portfolio manager; Vince Cuticello, general counsel and chief compliance officer; Von Hughes, head of strategic advisory; Paul Roberts, investment strategy group chief; and Eric Wolfe, head of portfolio management and the group’s chair. Each person will continue his or her current responsibilities in addition to their leadership committee tasks.
The changes come a little more than a year since the Pacific Alternative Asset Management Co. merged with Prisma KKR to form PAAMCO Prisma Holdings, a majority employee-owned firm that manages assets via its subsidiaries. Wolfe, Roberts, and Cuticello are from the Prisma end, while Carlton, Cherem, and Hughes hail from PAAMCO.
Reddy said the group’s vision was “to create a world-class alternatives business of significant scale, able to deliver exceptional performance and service to clients.”
Buchan, a co-founder of PAAMCO, added that it was the right time to pass the torch. She will stay on as an advisor until 2019, when she plans to launch an alternative beta quantitative investment fund.
After his advisory role ends at the end of the year, Reddy will pursue investing and educational philanthropy though various university affiliations.
Tags: CEO, Girish Reddy, Jane Buchan, PAAMCO Prisma