RCM Australian equities casualty Mark Jackson has been picked up by Lehman-owned Grange Securities to head up its distribution in Australia, Investor Weekly understands.
Grange has been on a hiring spree of late and has also taken on Paul Davenport and John Weingarth from Deutsche Bank.
Davenport will head up the firm's equities hedge fund sales in Australia with Weingarth as his deputy.
"These key appointments will assist the firm in servicing the Asian hedge fund market with Australian dollar products," Grange Securities said in a statement.
Davenport, who will service Asian clients, will report to Grange Securities chief operating officer Ben Harding.
The Grange Securities equities division was established seven years ago to provide institutional clients with a niche selection of mid cap stocks.
Grange could not confirm Jackson's appointment when Investor Weekly went to press.
RCM announced its withdrawal from the Australian equities market in late April with the closure of the Allianz RCM Australian Share Fund.
