People Moves

IAM appoints new global head of operations…

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International Asset Management, founded in 1989, has hired Mike Paciullo as global head of operational due diligence. He will be based in the $2.8 billion fund of funds group’s New York office.

Paciullo, an operational due diligence veteran, has been head of operational due diligence at JP Morgan Alternative Asset Management and director of operational due diligence for DB Advisors Fund of Funds. He has taken over the role from Mark Faulkenberg, who has pursued interests outside of operational due diligence.

Morten Spenner, IAM’s chief executive officer, said: “As a firm, we place great importance on the operational