Credit Suisse Asset Management (CSAM) has lured Citi’s domestic alternatives head to run sales, as part of its global push to strengthen its alternatives unit following the sale of its traditional business to Aberdeen, however it is understood to still be seeking an overall boss for the business. 

Filo Sedillo will join CSAM next month as head of distribution from Citi Alternative Investments, where he was responsible for the accounts of Australian and

New Zealand institutional investors.

Meantime, Credit Suisse’s investment bank appointed Bill Entwistle, formerly the chief investment officer of structured credit manager Absolute Capital, which called in administrators in late 2007, as director of fixed income, focusing on credit funds and alternatives.

I&T News understands that Citi will not replace Sedillo. His role will be covered by Rachel Farrell, principal of third party alternatives distribution in Singapore, and John Crocker, responsible for sourcing, originating and syndicating third party private equity and infrastructure general partnerships in

New York.  

Sedillo will report ultimately to Mark Bourgeois, CSAM’s New York-based head of distribution, who flagged in January a global marketing drive for its alternatives business.

Speaking then to US publication Pensions & Investments, Bourgeois said the manager would expand its sales team from six to 28 – including a group of “specialists” led by two former chief investment officers of institutional funds, based in New York and London – and broaden its alternatives product set to include global tactical asset allocation, infrastructure and commodities.

Bourgeois said the team would aim to offer portfolio modelling and investment research to institutions.