Lazard opens Melbourne office
Lazard Asset Management (LAM) has announced its will expand its sales and distribution operations in Australia by opening an office in Melbourne.
The company also said that Adam Tweedale would join its Melbourne office as distribution manager for the southern region and be responsible for LAM sales and marketing in the region.
Prior to that, Tweedale was a state manager for Copia Investment Partners and a director of distribution at Bennelong Funds Management.
LAM Pacific first launched its operations in Australia in 1994 and currently serves Australian clients with a range of Australian equity, global listed infrastructure, global equity, emerging markets and fixed income strategies.
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.