Credit Suisse hires Evan Reedman

Credit Suisse Group AG hired former Queensland Investment Corp. executive Evan Reedman as head of consultative relationships for asset management in Asia-Pacific.

“Evan’s role will be regional, working with institutional investment consultants in Japan, non-Japan Asia and Australia,” says Will Britten, head of asset management for Credit Suisse in Australia, in a statement.

Neil Harvey, head of Credit Suisse asset management Asia Pacific, says Reedman will focus on promoting alternative investments, bond, stock and emerging markets to investors.

Reedman was part of Brisbane-based QIC’s lifecycle strategies unit which sought to protect superannuation fund members’ balances.

QIC shut the unit in December after failing to raise any money since it was started in February 2010.

Reedman also worked at JANA Investment Advisors as head of portfolio construction. He will work out of Credit Suisse’s Melbourne office.

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Canada establishes new SWF amidst global push for nation-building investment

Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.

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