Partners Capital has split the roles of CEO and CIO amid a major leadership reshuffle at the outsourced-CIO (OCIO).
Colin Pan has been appointed CIO, taking on the responsibilities from Stan Miranda, who continues as CEO, the firm said in a statement. Pan was previously head of manager research.
He becomes part of Partners’ new office of the CIO, alongside Miranda, deputy CIO Kamran Moghadam, and Head of Asia Arjun Raghavan.
“As we broaden our senior leadership team, I look forward to working more closely with each of my partners in taking our investment capabilities to the next level and spending more time with our clients helping them to achieve outstanding performance,” Miranda said of his new role.
Partners Capital also hired Richard Scarinci as a partner. He joins from Blackstone where he was a managing director and portfolio manager specializing in hedge funds, and will work at the group’s Boston office from September.
The OCIO provider promoted Euan Finlay, Brendan Corcoran, and David Shushan to partners. Finlay is based in London, while Corcoran and Shushan work in Boston.
The promotions and hire were intended to “advance Partners’ leadership position” in the OCIO market, Miranda said.
Partners Capital manages $6.2 billion in full-discretion OCIO mandates, according to CIO’s latest survey of the sector. The bulk of its clients are in the UK and Europe, and include several Oxford and Cambridge colleges and the Cancer Research Institute.
Related: 2016 Outsourced-CIO Survey & Willis Towers Watson Names Global OCIO Chief