Ora joins Pictet Asset Management

Pictet Asset Management has appointed Avo Ora to the position of senior investment manager for the emerging markets equity team.

Ora joins Pictet ,the institutional asset management business of the Swiss private bank Pictet & Cie, from Putnam Investments in Boston where he was a senior vice president with responsibility for Asia Pacific ex Japan strategies.

In his new role, Ora will be responsible for the management of Asia ex-Japan regional portfolios.

As of February 28, 2011, Pictet had £5 billion in assets under management invested specifically in emerging markets equities.