Long-serving institutional business manager for BT Financial Group, Derani Brewis, left the manager last week and has taken a new institutional sales role at GMO.

Brewis was an institutional marketer for Rothschild Australia Asset Management before it was purchased by Westpac in April 2002, and she joined the BT Financial Group institutional team following its purchase by Westpac in August of that year. GMO was unavailable for comment at presstime, but it is understood Brewis is replacing Gregor Rennie, GMO’s head of business development who left last month to become managing director of Affiliated Managers Group’s Australian office. A BT spokesperson said a search to replace Brewis, being co-ordinated by head of institutional business Martin Franc, was underway.