Macquarie Investment Management has hired David Walsh from Colonial First State (CFS) as a small caps analyst.
Walsh, who only joined CFS in December, will work with portfolio managers Neil Carter and John Bugg on management of the Macquarie Australian Small Companies and Macquarie Small Companies Growth funds.
He worked previously as a senior analyst at CFS on the GDP Plus Australian Equities team. He also worked at RFC Corporate Finance and Royal Bank of Canada Dominion Securities in the United Kingdom as a mining research analyst.
The news will come as a blow to CFS, which lost two senior members of its small caps teams within weeks of each other last month.
Portfolio managers Tom Plodr and Anthony Vourdanos left in September, leaving the recently-appointed Peter McGann holding the baby.
In August, CFS hired Marcus Fanning from Morgan Stanley as head of equities. He replaced Simon Shields, who left in June to head up UBS' Australian equities division after the former boss, Paul Fiani, left to establish a boutique.
