Architas, part of the Axa insurance and investment group, has poached Jaime Arguello, former managing director and chief investment officer of Barclays’ £17.5 billion (€23 billion) multi-manager and alternatives business, as its chief investment officer.
Arguello, who replaces outgoing CIO Caspar Rock, will be responsible for over £20 billion assets under management, and offering advice across the Architas’ group UK and European businesses. He will also offer guidance to the firm’s 25-strong multi-manager investment division.
His appointment remains subject to regulatory approval, and a start date is yet to be confirmed. Arguello has over three decades experience in asset allocation, fund selection and portfolio management. He spent seven years at Barclays, prior to which he served at Pictet for a decade as director of third-party manager selection, and head of fixed income.
Rock, the outgoing CIO who has been with Architas for eight years, announced his departure in April. He is expected to leave the firm in the third quarter of this year, when he will join Cazenove Capital Management as chief economist. In the intervening time, oversee the transition of Arguello into his former role.
Architas manages assets of about €26 billion.
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