Veritas Asset Management has appointed Farouk Abillama as senior sales manager to further bolster its distribution.

Veritas Asset Management has appointed Farouk Abillama as senior sales manager to further bolster its distribution.

Abillama will be focused on raising assets for the group's real return range of hedge funds.

His role will draw on his vast industry experience in Europe, the Middle East and Asia. He will be responsible for managing relationships with key existing Veritas clients, while helping to develop the firm's hedge fund business and asset base across these regions. The role will include strengthening the group's relationships with traditional hedge fund investors such as funds of hedge funds, endowments, and family offices. 

Abillama joins from Dresdner Kleinwort, where he was vice president, capital introduction, working for their hedge funds solutions group. In this role, he was responsible for raising investment from the Middle East and Europe for US and European based hedge funds. Prior to this, he was a vice president within Dresdner Kleinwort's debt capital markets division where he had sole coverage of the Middle East and North Africa for Mena multi-products. 

Richard Meyrick, director and head of sales and marketing at Veritas, says: 'Farouk's arrival bolsters our hedge fund team and broadens our global distribution capability and we are excited at the prospect of working with him. His hedge fund industry experience, especially across Europe and the Middle East, will play a major part in strengthening our relationships and increasing the firm's visibility.'