Plato expands by hiring former JP Morgan MD
Plato Investment Management has hired for JP Morgan Asset Management managing director, David Allen, to its investment team.
Allen, who holds a PhD in portfolio construction and risk management from Cambridge, would bring extensive global equities experience to the Plato team.
At JP Morgan, he launched and co-managed the €6 billion JPM Europe Equity Plus active extension fund and managed the JPM Europe Equity Absolute Alpha market neutral fund. He was also head of research, overseeing approximately €20 billion in funds under management.
He had previously been a professional rugby player for Ulster Rugby and a member of the Heineken Cup squad.
The hire showed that Plato, which manages objective-based Australian and global investments, was expanding its presence. Its Global Shares Income fund, for example, had expanded to a team of nine investment professionals.
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.