GLOBAL - Fortis Investments, the €81bn asset management arm of Belgium financial services company Fortis Group, has appointed John Brown director of institutional sales for the US market.

Fortis said Brown would focus on developing “new relationships” among US institutional investors including defined benefit funds.

Brown joined from PanAgora Asset Management, where he was director of sales and was responsible for selling quantitative and alternative strategies to institutional investors.

In his new capacity, he will report to Will Braman, chief executive officer of Fortis Investments’ US-based operations, on a local level and on a global level to Thomas Rostron, managing director responsible for sales to institutional clients and distributors.

Braman said: “ In the last 18 months, we have focused on expanding Fortis Investments’ capabilities and offerings in the US. We are excited to have John, with his 18-plus years of experience, help us build our brand in the American institutional asset management market.”

At the end of May, Fortis Investments’ net operating profit fell 9% in the first quarter to €10m in the period but assets under management rose 4% to €81bn.


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