Investment manager Tyndall has shaken up its equities division and hired a senior equities analyst from investment bank BBY.

Michael Maughan joins Tyndall as a senior equities analyst from BBY, where he was working as an Australian emerging companies analyst.

The firm has also made as series of internal changes.

Warwick Cumming, previously Tyndall's head of research, has been promoted to deputy head of equities and Roger Collison, a senior equities analyst, becomes head of research. 

Tyndall said Cumming would have greater involvement in pure analysis and new product development, and give further support to the head of equities.

Previous to BBY Maughan worked as an equity analyst and portfolio manager with Gartmore Investment Management in London.

"The initiatives announced today will further enhance our disciplined investment process, make better use of our investment team to add focus on performance, and at the same time prepare for planned product expansion," Tyndall managing director Brett Himbury said.

Tyndall's Australian shares team recently captured a further $110 million from industry fund Print Super after it decided to reassign Maple-Brown Abbott's $180 million Australian equities mandate.

It has not been all good news, however, for Tyndall. In March it lost a $91.2 million Australian shares mandate within research house van Eyk's Blueprint Australian shares fund.

The mandate was reallocated to Fidelity Investments.