Plato expands by hiring former JP Morgan MD


Plato Investment Management has hired for JP Morgan Asset Management managing director, David Allen, to its investment team.
Allen, who holds a PhD in portfolio construction and risk management from Cambridge, would bring extensive global equities experience to the Plato team.
At JP Morgan, he launched and co-managed the €6 billion JPM Europe Equity Plus active extension fund and managed the JPM Europe Equity Absolute Alpha market neutral fund. He was also head of research, overseeing approximately €20 billion in funds under management.
He had previously been a professional rugby player for Ulster Rugby and a member of the Heineken Cup squad.
The hire showed that Plato, which manages objective-based Australian and global investments, was expanding its presence. Its Global Shares Income fund, for example, had expanded to a team of nine investment professionals.
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.