MFS Investment Management (MFS IM) will employ two analysts in a new Sydney investment office, due to open in the first quarter of 2007.
The recruitment process will be overseen by David Antonelli, chief investment officer of the Boston-based bottom-up active manager. The local representative for MFS IM, BNP Paribas Asset Management’s Robert Harrison, said two new analysts would prove the firm’s commitment to Australia. “;I’ve been pushing for this for a couple of years…the two analysts will be identified with specific industry responsibilities and join our global sector teams. They will be a great resource to draw on for marketing our capabilities here,”; he said. The two positions are currently being advertised on the Australian CFA website, with Harrison hopeful the new hires would start by the end of Q1 2007. MFS IM has $5.5 billion under management from Australian clients, $1.5 billion of it amassed in 2006.
Since taking over the top job at the $44 billion Funds SA more than a year ago, chief executive John Piteo has ushered in an investment function overhaul and wrapped up an important stage of the fund’s five-year data transformation program. It pledges to recentre around investment performance and more efficient processes, as the “missing piece” has been found in incoming CIO Con Michalakis.
Darcy SongJanuary 10, 2025
