The former head of institutional sales for Tyndall Investment Management (Tyndall) has joined Deutsche Asset Management, InvestorDaily has heard.
Stephen O'Brien, who resigned from Tyndall two weeks ago, will become head of institutional sales at Deutsche Asset Management. He will report to deputy head of asset management Chris Larsen.
Deutsche Asset Management was unavailable for comment when InvestorDaily called them yesterday.
Larsen will become head of asset management for the firm in January after the reigning head Andrew Fay announced he was leaving at the end of the year.
His appointment comes just months after Deutsche Asset Management sold its Australian fixed income and Australian equities portfolios to UK global asset manager Aberdeen Asset Management for $148 million.
O'Brien joined Tyndall in 2004. The firm recently made sweeping staff changes as a result the merger of its asset management business with that of its parent Suncorp.
Chief executive Brett Himbury stressed, however, that O'Brien's departure was "completely separate and unrelated" to the union between the two businesses.
