ING Investment Management’s (INGIM) executive team has undergone an extensive restructure, a month after David McClatchy was promoted to the role of chief executive.
Under the restructure, INGIM current head of the fixed income James Wright will become chief investment officer, asset strategies and alternatives.
He will be responsible for Australian equities, listed property trusts, and alternative assets.
The restructure has also led to the creation of two new positions.
Current director asset allocation and investment strategy Eric Siegloff will take on the new role of chief investment officer, macro and implementation.
Siegloff will continue to take responsibility for tactical asset allocation across multi asset portfolios, currency strategy, as well as portfolio implementation.
The new roles follow the appointment of Martin Donnelly to the newly created role of head of sales and deputy chief executive for INGIM. Athena Tsolakis will helm the second new position of product strategy and marketing.
McClatchy said a major driver behind the changes was also the opportunity for INGIM to make more of an impact in the Asia region.
“These developments are designed to enhance our servicing proposition both to Australian institutional investors, as well as the wholesale market through platform providers,” McClatchy said.
“We have experienced a significant increase in demand for tailored solutions from Asian clients looking for sophisticated investment products and strategies – the markets in Asia are evolving quickly and are extremely fluid, so the ability to develop and deliver solutions to meet region-wide client needs is exciting.”
INGIM has more than A$41 billion in assets under management. The group has one of the largest footprints across Asia with a presence in 12 countries and more than 224 investment professionals.
