ING IM restructures investment teams
David McClatchy
ING Investment Management (ING IM) has restructured its investment teams in the wake of the promotion last month of David McClatchy to chief executive.
The restructuring involves the creation of two new chief investment officer positions, as well as a shift to new Sydney business premises in December this year.
Under the restructure, James Wright, currently head of the fixed income team, will become chief investment officer, asset strategies and alternatives.
In addition to his fixed income responsibilities, Wright will be responsible for Australian equities, listed property trusts (LPTs) and alternative assets.
Eric Siegloff, currently director of asset allocation and investment strategy, will also take on the new role of chief investment officer, macro and implementation.
He will continue to be responsible for tactical asset allocation across multi asset portfolios, currency strategy, as well as portfolio implementation.
The new positions “clearly distinguish ING Investment Management as a standalone investment solutions and strategy manufacturer”, McClatchy said.
He added that a major driver of the changes was also the opportunity ING IM sees for further business growth in the fast evolving Asia region.
Recommended for you
Insignia Financial has announced total quarterly net inflows of $2.3 billion as well as a third bid from Bain Capital.
As DBFO reforms around fees take effect, Adviser Ratings explores how advice businesses can adopt more transparent and client-centric pricing models in 2025.
Advisers may assume Gen Z and Millennials are less financially savvy than their older peers, but NAB has found they are actively engaging in “buy the dip” strategies when using ETFs to build long-term wealth.
With regional and rural suburbs exhibiting high spare capacity to invest, Money Management speaks to three regional advisers on the opportunities beyond the major cities and the importance of a strong network.
