UBS Global AM expands Australian team
UBS Global Asset Management has expanded its Australian global asset management team with three senior appointments.
Vasco Gil has been appointed as director – product development and management, James Duck as director, institutional business development, and Jennifer Alker as marketing manager.
Head of global asset management in Australia and New Zealand, Bryce Doherty, said the expansion is on the back of the firm's growth in client mandates and funds under management in Australia.
Gil will now be managing the lifecycle of UBS' Australian managed funds through product development opportunities, product platform capabilities, monitoring market trends, and ensuring compliance.
Gil has over 10 years of product experience and was most recently product manager at Russell Investments, and manager of Australian product development at AMP Capital prior to that.
Duck's new role involves growing the business in Australia and key client relationships. He has 18 years of industry experience and help senior sales management roles at Fidante Partners and ING Investment Management.
Alker's newly created marketing manager role involves overseeing UBS Global AM's marketing activities, supporting UBS' strategic growth initiatives, and building on the franchises growing Australian success.
Prior to joining UBS, Alker worked at Fidelity Worldwide Investment in various marketing roles.
Recommended for you
Magellan has announced a raft of executive changes including the departure of head of investments Gerald Stack after 18 years and a second appointment from Maple-Brown Abbott.
Morningstar research of seven active Australian asset managers has found they are expected to see client redemptions averaging 3.1 per cent of their FUM per annum through to FY29, with two forecast to lose more than 10 per cent.
Franklin Templeton is to get rid of its Martin Currie branding and fold them into the wider group under ClearBridge Investments and Franklin Equity Group.
The widespread use of alternatives could lead to erosion of the very elements that make them alternatives, according to EY, as fund managers make them more palatable to retail clients.