UBS replaces small caps defector

portfolio manager bt financial group

23 July 2004
| By Craig Phillips |

UBS Global Asset Management (UBS) has moved swiftly to shore up the gap in its small caps team by reassigning senior analyst Mark Buizen as joint portfolio manager alongside existing small cap analyst Kuan Oh.

The pair will jointly manage the assets of the UBS Emerging Companies Fund, which has $20 million in assets under management after launching at the end of March.

Buizen replaces UBS small cap portfolio manager Michael Cowin who left recently to join AMP Capital Investors in its small caps investment team.

Buizen has been with the group for over 8 years, having joined as a material equities analyst from Armstrong Jones Asset Management back in 1996.

Buizen has an aggregate of 20 years industry experience, while Oh, who also has a number of years experience, joined the group five years ago.

UBS announced the move to a forum of research houses and dealer group researchers yesterday in light of Assirt Research placing the Emerging Companies Fund ‘on hold’ earlier in the week after Cowin’s departure was announced.

Other small cap managers to jump ship in recent times include BT Financial Group’s Matt Riordan who left to join boutique small caps firm Paradice Cooper as a portfolio manager.

Last week Macquarie Funds Management also lost two key personnel to ING Australia, with Issam Eid and Steven Ng crossing over and resuled in the group’s small caps capabilities being placed 'on hold' by Assirt.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

19 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

5 days ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 3 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 22 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

3 days 1 hour ago