Sean Henaghan has recruited a senior portfolio manager from ipac to oversee Australian and international equities for AMP Capital Investors’ Future Directions Funds (FDF).
Henaghan has appointed Van Athukorala, who as a senior investment manager with ipac was responsible for the multi-manager’s $5 billion international equities portfolio, into a newly created role to oversee investments with large- and small-cap domestic and global equity managers in the FDF.
Henaghan, head of the $22 billion multi-manager FDF, said the new role was required because of the “continued growth” of the large- and small-cap equity portfolios, and an AMP Capital spokeswoman added that these investments had become “increasingly more sophisticated”. Athukorala will end his nine-year tenure with ipac to join AMP Capital on May 12.
Meanwhile, current FDF portfolio manager Tanya Debakhapouve, who ran large- and small-cap Australian and emerging market equities in Sydney for the past four years, has shifted to the manager’s office in Singapore to concentrate on global emerging market and Asia ex-Japan equities.
Jeff Rogers, chief investment officer of ipac’s $13 billion multi-manager portfolios, said two current investment staff – Mary McLaughlin, a researcher who currently focuses on emerging markets and listed property, and Simon Reynolds, who manages the $4 billion Australian equities portfolio but previously worked as an asset consultant with Mercer in the UK – will absorb Athukorala’s duties.
But in time, ipac would search for another experienced investment professional to join the team to cover international equities and some regional portfolios run by the Axa-owned manager.
“Our preference is to find pretty seasoned investment people who have had both investment and multi-manager experience. They can immediately contribute that value, as opposed to an analyst who might have to learn the game for the first time,” Rogers said.