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ING Investment Management (INGIM) has backed up its announcement of an expanded push into the adviser and platforms market with the announcement that industry veteran and former Genesys deputy managing director Jim McKay has been appointed as head of its wholesale business.
McKay’s appointment was announced at the same time as that of Angela Tennant as head of research relations.
Confirming the appointments today, INGIM head of distribution and deputy chief executive Martin Donnelly said the company’s new wholesale strategy would initially focus on the establishment of distribution channels for the manager’s two high alpha Australian equities capabilities — Alpha Plus and Extended Alpha.
He said the push into the wholesale market complemented the company’s existing relationships with large institutional investors and solidified INGIM’s presence in Australia.
