Alpine Macro, an independent investment research firm based in Montreal, has announced the appointment of Bassam Nawfal as its Chief Asset Allocation Strategist, effective immediately. In his new role, Bassam will provide Alpine Macro clients with actionable global asset allocation research and strategy based on themes arising from the firm’s investment research.
Before joining Alpine Macro, Bassam worked as a portfolio manager at PSP Investments for six years. PSP Investments is one of the largest pension funds in Canada. Prior to that, Bassam served as a Senior Strategist at BCA Research for eight years, where he played a critical role in shaping the firm’s foreign exchange view and advising clients on hedging strategy.
Bassam is a Chartered Financial Analyst (CFA) and holds a BComm in finance from Concordia University.
“I am so excited that Bassam is appointed as our Chief Asset Allocation Strategist, spearheading our research in that domain. I have known Bassam for many years, and he always strikes me as a clear and creative thinker who has the unique ability to distill key themes from highly complex macro and financial backgrounds and put them into actional strategies. With strong buyside experience, Bassam is perfectly suited to the leading role for our global asset allocation services as he can combine practical portfolio management experience with his superb macro knowledge to provide valuable advice to clients,” said Chen Zhao, Alpine Macro Chief Global Strategist.
“Alpine Macro is always putting research and client services first, and Bassam joining us is a testament to our long-term commitment in this regard. In recent years, we have continuously invested in top talent to deepen and sharpen our research. With Bassam leading our Global Asset Allocation strategy, Alpine Macro is well-positioned to offer clients actionable, timely and well-reasoned asset allocation advice,” added Arun Kumar, CEO of Alpine Macro.
Says Nawfal: “I am delighted to rejoin former colleagues, friends, and mentors at Alpine Macro. As a devotee to the study of financial markets, I am grateful for the opportunity to work with this seasoned team whose mission has and will always be to create value for our clients through generating unique and profitable investment insights.”
