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Fulcrum Asset Management Hires Pension Funds Director

The $5.8 billion asset manager has been building out its team in recent months.

Fulcrum Asset Management, an investment firm with $5.8 billion of assets, has hired Chris Gower as director for its global consultants and pension funds division. 

Gower joined Fulcrum from First State Investments, where he served as head of client and consultant relations for First State Investments in Europe, the Middle East and Asia, a spokesperson for Fulcrum confirmed Monday. The spokesperson declined to comment beyond the company statement provided to Institutional Asset Manager

Fulcrum, which is based in London, has made other additions to its investment team recently. Mark Horne was hired as the head of its alternative strategies team in February, while Matthew Roberts joined in December as a partner in the same group to invest in private credit and real assets. 

“Our clients demand excellence and we are committed to bringing only the best talent into our business,” Fulcrum’s chief executive Andrew Stevens said in the company's statement. “We very much look forward to welcoming Chris and to growing our relationships with consultants and pension funds worldwide.”

Prior to an about five-year stint at First State, Gower worked as head of European consultant relations for HSBC's global asset management business for about seven years, according to his bio on LinkedIn. Before that, he worked for Lane Clark & Peacock and Aon's consulting business.

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Fulcrum, which operates in the U.S. and the U.K., was founded in 2004 by Stevens and chairman Gavyn Davies, both former employees of Goldman Sachs Group, according to Fulcrum’s website. Since then, firm has grown to more than 70 employees, and a Fulcrum document shows the firms had $5.8 billion of assets under management at the end of May.

On May 1, Fulcrum announced that it formed a diversified liquid alternatives fund that invests in real assets, alternative credit, and diversifiers. Roberts, who was hired in December, is overseeing that fund. 

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