Asset manager expands Australian institutional arm
Vontobel Asset Management has announced an appointment of Andreas Faeste as the firm’s new senior institutional relationship manager to strengthen its Australian institutional arm.
In his new role, he would be responsible for expanding the company’s client reach in both Australia and New Zealand.
Faeste has more than 20 years of experience in the Australian market, in particular in fixed income and he was previously engaged by the companies such as Voya Investment Management, Perennial Investment Partners and Deutsche Asset Management through his own marketing firm.
He also held executive management positions at ING Investment Management and IAG Asset Management.
Vontobel Asset Management’s head of sales, Australia and New Zealand, Bobby Bostic said: “Australia remains one of the fastest-growing markets with large allocations to both traditional and alternative debt strategies, where we see interesting potential for some of our prime capabilities like emerging debt, multi sector bond and asset backed securities.”
“The addition of Andreas expresses our desire to showcase our investment solutions and sends a strong signal of Vontobel’s continued commitment to the Australian market.”
Recommended for you
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
