Assirt Research suffers more departures

By Craig Phillips

AssirtResearch has lost two more staff following the resignation of its head of data, Phil Waterfall, and project manager and investment analyst, Tim Bowring.

The departure of the pair, who finished up last Friday and have been replaced internally, follows senior technical data analyst Roberto Calero joining competing research firm Morningstar at the beginning of last week.

Waterfall, who has been with Assirt for over eight years, was replaced by fund manager consultant Marian Greiss, while senior business analyst Jane Wu replaces Bowring.

Waterfall departs Assirt to ply his trade as a farmer, while Bowring, who has worked at the firm for two years, joined Macquarie Bank as an associate research analyst on Monday.

Greiss, who has been with the research group for just under two years, will report to Assirt head of operations Julie Orr. An eight-year veteran of the group, Wu now takes on responsibility for co-ordinating the group’s ratings team along with its fund manager rating reviews. Wu reports to Assirt head Simon Ibbetson.

An Assirt spokesperson says the reassigning of the two internal staffers, which the group is seeking to replace, reflects the research firm’s confidence in its existing personnel.

The departures will end a difficult week for the group, which lost an experienced team member after Calero joined Morningstar as a senior developer.