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.
Future Fund chief investment officer Ben Samild said that FY24 has been a great year for alpha creation, thanks to strong returns in equities and, unusually, across multiple hedge fund strategies all at the same time. He reflected the past few years have been “a difficult time to be an asset owner and to generate positive returns for risk assets” but the Future Fund is tracking well of its long-term mandate.
Simon Hoyle and Darcy SongSeptember 4, 2024
