Talvest Fund Management today announced that Serge Pizem, managing director of TAL Global Asset Management (Europe), has been appointed as interim lead manager of Talvest European Fund.

Pizem will temporarily replace manager Nicolao de ‘Nobili, who will pursue other interests.

Talvest European Fund has been managed by the TAL Europe investment team since 1997. Pizem was instrumental in the development and implementation of Talvest European Fund’s current investment process and is actively involved in the day-to-day functions of the investment team. In the interim, he will focus on maintaining TAL Europe’s fund management capabilities, initiating a search for a new lead manager.

Commenting on the appointment, Murray Douglas, president and COO of Talvest, said: “Over time, we’ve committed more and more resources to ensuring TAL Europe’s growth. During this period, Serge has played a very important role within the organization, working diligently to build an effective investment team.”

Pizem has 13 years of experience in the investment management industry, of which six are concentrated in the European market. In addition to two years with TAL Europe, his background includes senior positions in portfolio management for international financial organizations Credit Lyonnais Asset Management and Barclays Bank Plc.