Morrongiello, with more than 25 years’ experience in the financial sector, was latterly managing director of Caliburn Capital Partners - a company he co-founded. Before that, Morrongiello was chief executive at 3A, a subsidiary of Banque SYZ & Co.

In his new role as CEO, Morrongiello will supervise the company’s operations, be it the investments made by the fund manager, ALTIN’s operational management, or investor relations. He replaces Eric Syz, who will continue to sit on the board of directors.

ALTIN is managed by alternative asset advisors SA, a management firm specialising in alternative investments and a member of the SYZ & Co Group.