Mercantile Mutual’s head of equities Peter Mouatt is to join his former boss Greg Matthews at Macquarie Funds Management.
Mouatt has been head of equities at Mercantile Mutual since Matthews vacated the post just under three years ago. Matthews left just prior to Merc being awarded Money Management's Fund Manager of the Year for 1997.
The growth at a reasonable price (GARP) investment philosophy that Matthews helped create at Mercantile Mutual was also a key ingredient in Merc's success at last year's Money Management Fund Manager of the Year where the group picked up the coveted Australian equities crown.
Matthews is both chief investment officer and head of equities at Macquarie Funds Management. His role was expanded in July with the formation of Macquarie Funds Management as a separate division of Macquarie Bank. He is also now the joint head of the division with David Deverall who heads institutional sales and marketing.
Macquarie Funds Management has $21.8 billion under management including over $5.1 billion in equities funds.
Matthews says Mouatt will work closely with Macquarie's equities team.
"We have a number of new products which will certainly benefit from his expertise," he says.