Lonsec completes CIO search
Lonsec has announced the appointment of former Morgan Stanley executive, Nathan Lim, as its chief investment officer, effective August 2023.
He takes the helm from Lukasz de Pourbaix, who had been with the firm for almost 15 years and stepped down in April 2023. Pourbaix has since moved to Fidelity International.
Lim was previously the co-head of investment management services at Morgan Stanley Private Wealth Management Asia and developed its multi-asset investment approach for both the Australian and Asian wealth management divisions.
As CIO, Lim will join the product and investment oversight committee, asset allocation, manager selection, direct equities and tailored portfolio committees, which oversee the Lonsec Investment Solutions portfolios.
He has almost 30 years of experience in asset management, research and stockbroking across Asia, North America, the Middle East and Australia.
“We are delighted that Nathan is joining Lonsec to lead the Investment Solutions business as he brings considerable international expertise in multi-asset strategies and a particular interest in responsible investing,” said Mike Wright, Lonsec chief executive.
“Nathan joins the business at an exciting time as we continue to grow our expanding managed accounts business. This includes renewing our commitment to partner with quality advice businesses to support them with tailored managed account solutions.”
Commenting on the appointment, Lim said: “I am excited to be joining Lonsec as I have long admired their reputation and commitment to helping clients achieve their financial goals. I look forward to leading a great team of investment professionals and getting back to my responsible investing roots.”
Before joining Morgan Stanley Private Wealth Management Asia, he led the bank’s wealth management research for six years.
Lim’s resume also includes six years at Australian Ethical Investment, where he managed the Australian Ethical Investment International Shares fund.
In this new role at Lonsec, he will be supported by Deanne Baker, multi-asset portfolio manager, in the newly created position of deputy CIO. She had acted as interim CIO for the last five months as the firm conducted its global search.
She will be assisted by Eleanor Menniti who rejoins Lonsec as its associate portfolio manager, multi-asset portfolios, after five years at BlackRock.
Dr Steve Garth, chairman of Lonsec’s product and investment oversight committee, thanked Baker for stepping in as interim CIO.
“We are thrilled to have Nathan join the Lonsec team, and I look forward to working closely with him on the PIOC. We are also very grateful to Deanne Baker for her contribution as interim CIO and her contributions to the PIOC,” Garth said.
Lonsec also announced a newly named tailored solutions business, led by firm veteran Veronica Klaus, who has been with Lonsec for 12 years.
Assisted by a team of portfolio managers, Klaus will lead Lonsec’s renewed focus into bespoke and tailored investment solutions for larger self-licensed advice firms and large licensees.
AUTHOR
Rhea Nath
Recommended for you
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
