Principal poaches new insto head from ING

A senior institutional sales manager has departed ING Investment Management to join Principal Global Investors as director of institutional sales.

Cameron Sinclair will start at Principal on June 10, reporting to managing director and head of sales and marketing, Alex François. François said he was pleased to have an executive of Cameron’s knowledge and experience join the Principal team. Sinclair replaces Justin Cowper, who left late in 2007 to run insto sales at Suncorp/Tyndall Investment Management. ING Investment Management is yet to find a replacement for Sinclair, whose role will be temporarily managed by the two remaining institutional sales managers.

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Future Fund boosts active equity program with new EM manager

Australia’s sovereign wealth fund has added an active equity strategy from a local boutique manager to its emerging markets allocation and dropped one of its existing providers after signaling it had identified "inefficiencies" in the space.

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