Capital Group appoints new investment head

Capital Group Australia has appointed Matthew Reynolds as its new investment director, Australia.

In his new role, Reynolds would be responsible for providing strategic advice on investment strategy and asset allocation to Capital group’s clients as well as adviser and wholesale markets.

Reynolds joined from Colonial First State Asset Management (CFSAM) where he was most recently head of the Australian Equities team. His previous roles also included portfolio management and equity analyst roles at QED Capital, UBS Securities Australia, Goldman Sachs, JB Were and BT Funds Management.

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Paul Hennessy, managing director of Capital Group, Australia said this was a significant hire which demonstrated firm’s commitment to “progressively build out the business”.

“We are delighted to have secured someone with Matthew’s calibre and track record. His significant expertise in financial markets and portfolio management will allow him to play a vital role in representing our investment services to Australian investors,” he said.

Reynolds would report to the group’s head of investment specialist for Asia Pacific, Andy Budden.

Capital Group currently manages US$1.8 trillion in assets around the world.

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