The portfolio manager of BT Financial Group’s imputation and ethical funds, Troy Angus, will leave BT at the end of February to join Paradice Investment Management.

Angus, a member of BT’s Australian equities team since joining predecessor firm Rothschild Australia Asset Management in 1998, was second in seniority only to head of equity strategies, Crispin Murray. A search for a replacement is underway, although sources close to BT say an internal candidate is favoured for the role. In the interim, Murray will assume responsibility for the imputation and ethical funds. The founder of Paradice Investment Management, David Paradice, was unavailable for comment on what Angus’ responsibilities would be. The departure of Angus follows on from that of Chad Slater, an analyst of five years in the Australian equities team who left on January 12 to travel overseas. Slater’s sector coverage was distributed across the analyst team with Jack Chemello taking on utilities, Sondal Bensan assuming transport and Ashley Smith covering building materials and steel, the manager informed consultants. The Australian Equity team also recently added Oliver Renton to the team. Renton had previously worked in BT’s quantitative services team as a quant analyst, involved in general portfolio construction and risk management work as well as the construction and ongoing management of two SRI portfolios.