Colonial First State (CFS) has appointed two investment professionals from MLC Asset Management and AustralianSuper.
Al Clark joined the firm as head of investments from the same role at MLC Asset Management.
He has 25 years’ experience in financial services including global head of multi-asset at Nikko Asset Management and head of multi-asset for APAC at Schroders.
The firm has also appointed John Iles as head of cash management and derivatives, joining from superannuation fund, AustralianSuper, where he was a portfolio manager looking after equities implementation.
Prior to joining AustralianSuper, he managed global and quantitative strategies for UniSuper.
“John brings a wealth of experience in derivatives, balance sheet and cash optimisation, and exposure management,” said Jonathan Armitage, chief investment officer at CFS.
“His appointment is a key part of our strategy of building out our capabilities in active risk and portfolio management in our investment options. He will also focus on building out a cash management capability to ensure we are efficient in the way we manage cash across our multiple investments.”
Clark is based in Sydney and Iles is based in Melbourne.
Earlier this year, CFS also made internal changes with Ben Lam being promoted from senior investment manager to head of equities, and Robert Graham Smith promoted from senior investment manager to head of fixed income and alternatives.
Chetan Soorkea and Ramali De Zoysa were appointed as senior investment analysts.
“This strengthening of our investment team will enable better decision making and better investment outcomes for our customers,” said Armitage.
