BT Funds Management head of Australian equities Rohan Headley will leave the group after 13 years.
Headley’s departure follows a year of bad performance figures for BT’s Australian equities funds. It also comes after the departure of former chief investment officer Andre Morony.
Headley has been responsible for the flagship BT Equity Imputation fund for the past 10 years. During that time it has grown to become one of the biggest funds in the country with an enviable track record. However, over the past eighteen months it has lagged at the bottom of the performance tables. In the year to March 16, the fund lost 7 per cent, putting it at the bottom of Assirt’s diversified shares listing.
Apart from his duties in Australian equities Headley was also involved in the merger of the retail and wholesale equity teams at BT as well as the subsequent combining of the international teams.
A replacement has yet to be announced for Headley. BT chief investment officer Gary Symons says the Australian share portfolios will be managed by the head of Australian small companies Frank Villante until a replacement is found.
