Global fund of funds investor Adveq has promoted Tim Creed to managing director after eight years at the firm.
Creed joined as a senior associate in the investment management team in 2004 before moving on to lead the firm’s European investment practice.
Adveq CEO Sven Lidén said, “Tim has been a valuable member of the investment team for eight years and has been central to the development of Adveq’s European investment activity during this time.
“Tim’s promotion strengthens Adveq’s senior management team and demonstrates our commitment to investing in and supporting talented individuals.”
Earlier this year the Switzerland-based firm revealed plans to increase its headcount by more than ten per cent in 2012.
The fund of funds said it would be hiring across a range of functions and locations, mainly for investment management, investor relations and fund administration positions based in Asia and in the Zurich head office, with the new hires bringing its total headcount to close to 80 by the end of 2012.
Adveq has invested in more than 300 funds since it was founded in 1997.
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