The National Australia Bank's global investment arm, nabCapital has hired Mark Brown as the managing director of portfolio management and investment.
Brown will manage the bank's balance sheet and loan portfolio including the development of structured products such as collateralised loan obligations (CLOs).
Over the last two years the fund manager sold US$2.9 billion of CLOs and structured products to its institutional clients.
"We recognise the importance of active portfolio management as it enables us to release capital and invest it into growth areas for this division. It also broadens the range of opportunities we provide investors," nabCapital managing director and head of structuring and investments Mike Stone said.
Brown previously worked at ABN Amro as head of the capital management group for its Asia Pacific operations. Based in Hong Kong, Brown was responsible for actively managing the capital and risk strategies for the bank.
