GLOBAL - Britannic Asset Management has appointed Michael Borkan, senior vice-president at Sinopia Asset Management, to develop its institutional and retail distribution outside the UK.

He will take up the new position as head of international sales and distribution at the end of the month. He will head a two-strong team featuring European business development managers, Asa Norrie and Alan Spiros.

The team will focus on raising the profile of Britannic’s international equities and specialist fund teams.

Britannic told IPE it has £13.2bn (€19.5bn) worth of institutional mandates – out of a total AUM of £14.5bn.

Borkan will report to Jonathan Polin, sales and marketing director, who commented: “Michael has been extremely effective in growing Sinopia’s business outside France in continental Europe and brings a wealth of experience.”

The London office of Sinopia, a subsidiary of HSBC-controlled French bank CCF, told IPE there was no news about Borkan’s replacement for the time being.

Britannic said that at Sinopia Borkan raised about £5bn in alternative assets in over the last three years.

The firm also said that forthcoming merger between its parent insurance company, Britannic plc and Resolution Group, a specialist manager of closed life funds, will increase its funds under management to over £30bn.

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