CFSGAM appoints new Australian equities head

Colonial First State Global Asset Management(CFSGAM) has announced the appointment of Marcus Fanning to the role of head of Australian equities, growth team.

Fanning was previously the managing director, head of equity capital markets at Morgan Stanley, Sydney, a role he held for the past four years.

Prior to Morgan Stanley, Fanning held head of Australian equities positions at BT Australia and AMP Henderson Asset Management.

CFSGAM chief executive Warwick Negus said he was confident Fanning would quickly contribute to the enhancement of the team’s current investment processes and performance.

“Fanning is a seasoned investment professional and brings more than 15 years’ investment experience to this role. He has led large teams in the funds management arena and his extensive experience will be instrumental in driving the strategy of our Australian equities, growth team,” he said.

Negus added that CFSGAM expected to fill two vacant senior analyst positions and the head of research position shortly.

“Discussions are progressing well with potential candidates to fill additional roles in the team,” he said.

“We expect to be in a position to start announcing these appointments in the near future.”

CFSGAM’s Australian equities, growth team was formerly named Australian equities, GDP plus.