Inversis rebuilds selection team after fund chief's departure

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Inversis Banco, the Madrid based wealth manager and fund platform has reinforced its fund selection team after the departure of Carlos Fernández, former head of fund research.

As Citywire reported in December, Fernández, co-founder of the Association of Professional Fund Investors (APFI), resigned from his role in order to embark on a new project.

Fernández has since launched Alinea Global, a Luxembourg registered mixed-asset absolute return fund with former CEO of Spanish boutique Equilibria Investments, Álvaro Sanmartín. The fund willl be run in association with distribution platfrom MCH Investment Strategies.

Replacing Fernández as head of fund research at Inversis Banco is Juan Hernando (pictured left). Hernando has four years' experience at Inversis having worked as portfolio manager and fund analyst. Previously he worked at Banco Gallego and Lipper. He is a Chartered Alternative Investment Analyst (CAIA) and holds a degree on Economics from the Autónoma University from Madrid.

The firm has also reinforced the team by hiring Carlos Moreno Espinosa (pictured right) from Allianz Popular, the asset management arm of Banco Popular where he has worked as fund analyst and fund of fund manager for the last 7 years.

Moreno will assume a similar role to the function he had at Popular - a fund analyst and researcher of third party funds. He holds a MBA by the IE Business School of Madrid and is an associate professor at BME Institute (Bolsas y Mercados Españoles).

Inversis Banco covers both institutional and retail markets, as well as offering discretionary management to HNWI and institutions.