Three resignations have been submitted to BT Investment Management (BTIM) amid a recent restructure that terminated 10 roles.
In addition to the resignation of head of quantitative analysis Simon Elimelakh and his transition to Intech [see related story], BTIM has lost an alternatives product manager Shirley Bowles (nee Tsang) and a former product manager who most recently took a direct investment role, Shantini Nair. Both Nair and Bowles were recently appointed by AMP Capital Investors. Nair is now manager of regional product development, and Bowles a product manager. Elimelakh ended an 11-year tenure at BT to join Intech. A spokeswoman for BTIM said the departures were part of “normal turnover” and not related to the restructure which eliminated the roles of Tony Gobbo, who was national key account manager, and Jim Chronis, a portfolio manager in the fixed income team. Dirk Morris, chief executive of BTIM, was unavailable for comment. Meanwhile, AMP Capital Investors also recruited Davone Kamphet to the new role of manager of private client product development. Before joining AMP, she was head of structured product development at Deutsche Asset Management, a role she undertook in April.
30/09/2008
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Alternatives
The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.
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