Miami multi-family office BigSur Partners has shaken up its investment research team to appoint two co-chief investment officers, Gerhard Herrera-Pahl and John Roesset.
The firm created the joint CIO roles to strengthen its research team as its business continues to grow, said BigSur chief executive Ignacio Pakciarz. The two took up their new roles this week.
Herrera-Pahl, head of investment research, has been with BigSur for nearly six years and was previously CIO at Guggenheim Partners Latin America. Meanwhile, John Roesset joined BigSur as a senior advisor in February 2017 from Citi Private Bank where he was responsible for fixed income and equity flow trading.
As co-CIOs, Roesset will manage the firm’s three-strong research team, as well as its resources and processes, while Herrera-Pahl will continue as the ‘brain-trust’, focusing on the big picture outlook. The research team will now report to Roesset, Herrera-Pahl, Pakciarz and partner Rafael Iribarren.
The wealth firm also recently hired operations analyst Valentina Lamas at the beginning of 2018 from Lubitz Financial Group, where she was an associate financial planner.
BigSur, which celebrated its 10th anniversary in October 2017, is hoping that its upward momentum will continue into 2018.
Pakciarz said: ‘In terms of growth, we achieved over 31% assets under management growth and a 23% revenue growth. We are confident we will continue with this strong pace which will enable us to achieve our targets for 2018.’
The firm had $1.1 billion under assets as of November 2017 when Pakciarz told Citywire Americas that the firm was looking to attract high-quality families and investment advisors and grow assets under management by at least 25%.