Lazard opens Melbourne office


Lazard Asset Management (LAM) has announced its will expand its sales and distribution operations in Australia by opening an office in Melbourne.
The company also said that Adam Tweedale would join its Melbourne office as distribution manager for the southern region and be responsible for LAM sales and marketing in the region.
Prior to that, Tweedale was a state manager for Copia Investment Partners and a director of distribution at Bennelong Funds Management.
LAM Pacific first launched its operations in Australia in 1994 and currently serves Australian clients with a range of Australian equity, global listed infrastructure, global equity, emerging markets and fixed income strategies.
Recommended for you
Clime Investment Management has welcomed an independent director to its board, which follows a series of recent appointments at the company.
Ethical investment manager Australian Ethical has cited the ongoing challenging market environment for its modest decrease in assets over the latest quarter.
Commentators have said Australian fund managers are less knowledgeable compared with overseas peers when it comes to expanding their range with ETFs and underestimating the competition from passive strategies.
VanEck is to list two ETFs on the ASX next week, one investing in residential mortgage-backed securities and the other in Indian companies.