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.
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