Pictet Alternative Advisors (PAA), the Pictet Group’s wholly-owned alternative investment company, has appointed Heinrich Merz as head of hedge funds, effective June 1 2017.

In this position Merz will lead PAA’s team of 14 hedge fund experts managing 9.1 billion euros worth of assets in single and multimanager hedge fund strategies. He will report to Nicolas Campiche, CEO of PAA.

Merz has twelve years’ experience in the alternative investments industry. In his most recent role he was Chief Investment Officer (CIO) at Amundi Alternative Investments, overseeing more than 5.6 billion euros in alternative assets for institutional clients. Previously, he worked for Permal Investment Management, a 20-billion-euro alternative specialist, where he became Deputy CIO. He started his career in 2005 as a senior analyst at Concordia Advisors.