Dutch asset management firm Robeco has established a presence in Australia, opening an office in Sydney.
Robeco has appointed former Aberdeen Asset Management head of institutional business Stephen Dennis to lead the firms's operations in Australia.
The firm's Sydney office will focus on marketing Robeco's active management strategies, including its sustainable and responsible investing, quantitative, Asia-Pacific and alternative strategies, to institutional investors in Australia.
The firm is planning to announce a second Australian hire shortly.
"As an institutionally-oriented asset manager, with highly-diversified investment capabilities, Robeco is well positioned to take advantage of this new financial landscape to generate results for its clients," Robeco Asia-Pacific chief executive Tony Edwards said.
Robeco is part of Rabobank Group and has about €150 billion in assets under management.
Its Sydney office will be located in Rabobank's central business district premises.
Dennis left Aberdeen in November last year, after the firm restructured its distribution team.
The restructuring followed an internal review, which recommended the integration of the institutional and retail business development teams into a single team and a similar integration of the institutional and retail client services functions, the firm said at the time.
