Adveq, a Swiss fund of funds manager, has promoted two of its staff to become part of the senior management team.
Gaia Arnaboldi, co-head of the firm’s global real asset initiative, and Anne-Juliane Knauer, a vice president and Adveq’s legal counsel and chief compliance officer, have both been promoted to executive directors.
Following these promotions, Adveq will have seven executive directors. The promotions are not a result of staff turnover at the firm, but have been made as recognition of the pair’s work, Adveq said.
Arnaboldi joined Adveq in 2006 and helped set up Adveq’s small to midsize buyout and turnaround investments programme in the US. A year later she was promoted to vice president. She then went travelling and mentored social entrepreneurs in Africa in 2010, before returning to Adveq in 2011.
Arnaboldi specialises in natural resources investments and the management of environmental, social and governance (ESG) issues.
Knauer has worked at Adveq since last year, when she joined as a vice president. In her current role she advises the firm and its related companies on legal matters, compliance and regulatory issues. Prior to Adveq, she worked as a legal counsel for a Swiss private bank and investment manager. Before that, she worked as a finance and banking lawyer in Frankfurt and London.
“Gaia is an important part of Adveq’s investment management team, having been instrumental in developing our sustainable investment practices and driving the ESG policies that help generate outperformance for our investors,” Rainer Ender, co-head of Adveq’s global investment management activities, said in a statement.
“The last few years have seen increased pressure from regulators on investment companies and this has brought the corporate legal and compliance function at the heart of the organisations,” Sven Lidén, chief executive officer at Adveq, said, adding that Knauer’s promotion “reflects the significant contribution that she has made to various regulatory initiatives”.
Adveq, which was founded in 1997, invest in private equity and real assets globally. To date, the firm has backed more than 385 funds. Its client base consists of institutional investors including pension funds, insurance companies, family offices and other European financial institutions. It employs 80 people and has offices in Zurich, Frankfurt, New York, Beijing, Shanghai and Hong Kong and Sydney. Adveq has approximately $5 billion of assets under management.