Credit Suisse Asset Management Australia has created a ‘deputy head’ position and is seeking a senior resources analyst to support Stephen Giubin, who will now run the business as well as the domestic equity/fixed income division following the departure of Keith Ince.

Ince will step down from running CSAM effective July 1, and appears likely to depart the board as well, given it’s understood the veteran funds management executive (who turns 60 in January) has plenty of travelling planned, including treks in Sardinia and surfing expeditions in the Maldives. The operational aspects of Ince’s role will be absorbed by the newly created ‘deputy head’ role, to be filled by 13-year veteran of Credit Suisse, Gailie McIntyre. McIntyre will be responsible for risk management and P/L monitoring, as well as overseeing the second phase of CSAM’s backoffice outsourcing to State Street Investor Services. State Street IS is already performing fund accounting and unit pricing for CSAM’s products, with the migration of reconciliations and performance reporting/attribution still to come. Giubin will focus on overseeing the four prongs of CSAM’s ‘mutli-boutique’ strategy in Australia, which include the ‘global investors’ team running domestic equities and fixed income; the alternative investments team including hedge funds and real estate; and Jerome Lander’s multi-asset class team. Giubin is giving up his stock-level repsonsibilities in favour of portfolio construction oversight, and will retain his seat on the regional asset allocation committee. CSAM is seeking a resources analyst to take up this slack. “;Richard Kornman has great resources experience but our aim is to have at least two people with strong experience in every sector,”; Giubin said. Giubin will report to Asia-Pacific head of asset management, Tony Ilya, and will join the CSAM Australia board. McIntyre will continue on that board, reporting to regional chief operating officer, Salman Shoaib.

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