The organization has named new co-CIOs, at a time when the model of the outsourced chief investment officer business continues to thrive among clients such as family offices and independent wealth advisors.
Partners Capital, the global outsourced investment office, has announced that Suzanne Streeter and Alex Band will take over from Colin Pan as the firm’s global co-chief investment officers, taking effect on July 1.
Streeter and Band, who are partners at the firm, were previously the asset class heads of private equity and public equities, respectively. Partners Group said that it will soon announce their successor.
The duo will join chairman Stan Miranda, head of global macro and tactical asset allocation, Kamran Moghadam, and CEO Arjun Raghavan in the office of the CIO, which oversees the firm’s overall investment strategy and policies.
“Our Office of the CIO remains the key unit for investment strategy and oversight at Partners Capital and its evolution is critical in serving our growing global client base,” Raghavan said. “After a rigorous evaluation process of assessing both internal and select external candidates, our partner group and board members concluded that Suzanne and Alex’s combined experience and skillsets were ideally suited to the future demands of the CIO role.”
Streeter joined Partners Capital in 2015. Most recently, she served as head of private equity and real estate, leading the global research team responsible for manager selection and relationship management. She joined Partners Capital from Babson Capital Management, the investment management arm of MassMutual, where she led private equity investments in North America, Europe and Latin America. Before that, she spent five years in the private equity team of Yale Investments Office and 10 years in investment banking at Morgan Stanley and Berkshire Capital, where she covered financial institutions and asset managers.
Band joined Partners Capital in 2013. Most recently, he served as head of public equities where he covered long-only and long-short strategies and manager relationships. He has been responsible for several innovations in the public equities program, including a push into sector specialists across themes such as life sciences. Prior to joining Partners Capital, he was a vice president at Bain Capital in the global private equity group, overseeing investment due diligence, deal execution and portfolio management. Before that, Band was a senior associate consultant at Bain & Company.
Founded in 2001, Partners Capital, which has offices in Boston, New York, London, Singapore, Hong Kong, San Francisco and Paris, oversees assets of more than $40 billion.