Russell Investments’ director of capital markets research has left the firm to return to academia, while a communications specialist joined the Melbourne office yesterday in a client-facing role just months after 36 people were retrenched from the Australian business.
The future remains unclear for Credit Suisse’s former Australian equity team post-Aberdeen acquisition after none of the team were offered positions with Aberdeen’s newly expanded $20 billion business.
The $28 billion AustralianSuper terminated several mandates with active equities managers last week and directed most of the freed-up capital to passive exposures, in an effort to simplify its portfolio by trimming excess managers.
Australian equities boutique Perennial Growth Management aims to recruit a senior equities analyst from the supply of local and expatriate candidates looking for work in Melbourne.
Nick Basile will start next Monday as investment director of another major boutique incubator, after resigning as chief executive of Westpac-owned Ascalon Capital Managers late last year.
The Australian equities division of Legg Mason has recruited a small caps co-portfolio manager to help fulfil duties previously covered by Tony Pearce, who exited the business in late 2008 after a 26-year tenure.
How to better reflect climate change impacts and the burgeoning growth of emerging markets into client portfolios will be top priorities for JANA Investment Advisers’ Ken Marshman as he assumes a new role as ‘head of investment outcomes’.