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Boston-Based MFO Hires Ex-BNY Mellon Man As Investment Chief

Editorial Staff October 18, 2023

Boston-Based MFO Hires Ex-BNY Mellon Man As Investment Chief

The multi-family office has brought in a new chief investment officer. The MFO is in charge of over $7 billion of client money.

TwinFocus, the multifamily office for global ultra-high net worth professional investors, has appointed former BNY Mellon CIO David Daglio (pictured) as chief investment officer, based in Boston, where the organization is headquartered.

Daglio will be responsible for leading the firm’s investment committee, overseeing macro investment strategy and guiding private investment activities, the MFO said in a statement. Managing partner John Pantekidis, CFA, who heads the firm’s wealth structuring and tax planning efforts and had been serving in the role of CIO, will work with Daglio to guide the firm’s investment activities and global strategy.

Daglio has more than two decades of experience in investment research, risk management, asset allocation and client engagement leadership positions. He spent 22 years at Mellon, an investment firm that merged with the Bank of New York to become BNY Mellon in 2007. Throughout his tenure with BNY Mellon, he worked globally with institutional clients and boards, managed investors and achieved fivefold growth in portfolio assets in his funds, the firm continued. Most recently, Daglio was CEO and founder of BC-GUMPS – an asset manager focused on delivering hard-to-find arbitrage opportunities to sophisticated and ultra-high net worth investors – which has been acquired by TwinFocus. 

"We have known Dave for many years as one of the top investment strategists in the business and have been following his launch of BC-GUMPS closely,” Paul Karger, CFA, co-founder and managing partner at TwinFocus, said.

“In addition, we believe the research principals Dave developed at BC-GUMPS, which explicitly allow for the sourcing and extraction of asymmetric returns, can complement and enhance a diversified portfolio,” Wesley Karger, CFA, co-founder and managing partner at TwinFocus, added. 

Besides its Boston HQ, TwinFocus has an office in Mayfair, London and oversees more than $7 billion of assets and manages diversified investment solutions that include exclusive access to direct investments in private equity and real estate.

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