Third-party marketer seeks BDM

An Australian funds management third-party marketing firm is looking to hire a business development manager to help expand the business.

I&T News understands Ambassador Funds Management Services is in the process of recruiting a BDM, and is conducting the search itself.

Ambassador’s stable of fund managers includes London-based global emerging markets specialist Charlemagne Capital, mid to large cap equities specialist Altrinsic Global Advisors, New York-based Cohen & Steers, which manages income-oriented equity portfolios, and alternative fixed income strategies manager Highland Capital.

Richard Darke, a partner at Ambassador, declined to comment.

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How Cbus built its new Australian equity strategy from scratch

Ryan Riedler, head of ASX core strategy, Australian equities at Cbus, says the fund will look to generate alpha locally through engagement and that internalisation will help it strengthen its connection with other market participants, as well as its brokers and service providers.

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