Millennium Global Names EU Business Development Head

Currency manager Millennium Global has appointed Katherina Duong-Bernet as EU head of business development. She will be responsible for raising awareness of the Millennium Global brand and significantly expanding the company’s client-base in the EU.

Duong-Bernet will be based in Paris and report to chief executive officer of Millennium Global (Europe) SAS, Alexandre Potin.

Katherina Duong-Bernet

Prior to joining Millennium, Duong-Bernet was a portfolio manager in the multi asset space for liquid absolute return and portfolio protection strategies at Quoniam Asset Management in Frankfurt. Before that, she spent seven years helping to build the quantitative asset management business as a portfolio manager for Metzler Asset Management, a German private bank. She started out in 2007 at Lehman Brothers in London as a structurer for hedge fund derivatives.

“We are very pleased to welcome Katherina to our team,” says Potin. “Her deep knowledge of the European market will be tremendously helpful, both in building the quality of our coverage and in helping to tailor our range of products and services to the needs of investors. Her long experience of liquid absolute return UCITS comes at the right time with the recent launch of the Millennium Global Systematic Currency Fund.”

Duong-Bernet adds, “Having followed Millennium Global’s development for a number of years, I am impressed by the vision behind its highly institutionalised FX management capacity with one of the largest global teams of economists and investment specialists purely dedicated to foreign exchange. Over time, Millennium has built an excellent reputation in delivering consistently high quality, thoughtful currency management services to its clients. I am convinced that our focus, innovative ideas and rock-solid implementation capabilities will prove attractive for a broad European client base.

“From an asset allocation perspective, foreign exchange represents one of the most important building blocks of an investment portfolio next to equity and fixed income, exhibiting much needed liquidity and diversification characteristics as a result of genuinely different return drivers,” she continues. “At this moment in time, where the world is at crossroads on several levels (macroeconomic and geopolitical), European investors will come to realise that instead of a secondary sideshow, professionally managed foreign exchange emerges as the decisive driver of investment success.”