By Marcus Williams in London
The £21bn USS pension scheme in the UK has hired an emerging markets team charged with leading a push into the asset class.
The fund, which is the second largest private sector pension fund in the UK, has hired Carmel Peters, Danila Gallarato and Chris Shale to boost its emerging markets expertise.
Peters will lead a combined GEMS/Asia unit, incorporating the fund’s existing four-person Asia Pacific ex-Japan team. She, along with Chris Shale, join from from RWC Partners Limited, while Gallarato was previously at the Abu Dhabi Investment Authority.
Peters has been investing in Asia and Emerging Markets for 25 years. At RWC, she was a partner and head of Asia Pacific and global emerging markets. She previously spent four years at Sofaer Capital Research, as a partner and the portfolio manager on the Sofaer Asia, Sofaer Pacific and Sofaer emerging markets hedge funds. She also had stints at Putnam and Rothschild Asset Management.
Gallarato joins the USS with over 15 years’ experience in the financial sector, including over 10 years managing emerging market portfolios., including stretches at Allianz in Italy and Hermes in the UK.
Before joining USS, Shale worked with Peters at RWC on the Asia Pacific ex Japan markets. He also worked with Peters as an analyst at Sofaer Capital, covering both Asia Pacific ex-Japan and GEM markets. From 2002 to 2005 he worked as an analyst in Collins Stewart UK, where he was responsible for the Japan/ Asia CFROI product. He joined the industry in 1994, working as a dealer and analyst at Rothschild Asset Management in Hong Kong.
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