Legg Mason Australian Equities (LMAE) has appointed William Baylis, former head of global Australian research sales and account management at Deutsche Bank, as its new multi-strategy portfolio manager.
“With 20 years’ experience in advising institutional investors, William is an expert on the range of LMAE products,” Legg Mason Equities’ chief investment officer, Reece Birtles, said.
“His appointment strengthens our approach to understanding investor needs and using our stock selection and portfolio construction skills to match those needs with tailored solutions such as income, dynamic value, low concentration and AREITs.”
The appointment brings the dedicated LMAE Australian Equity and Real Asset team to 14, following the recent addition of Matthew Davison as senior research analyst, and demonstrates the company’s focus on market-leading performance and client solutions, Legg Mason stated.
Mr Baylis said he was excited to be joining a company with LMAE’s capabilities in quantitative and fundamental research. “Legg Mason has also launched some innovative products targeted at the retirement income market, which are so important for self-funded retirees amid falling cash rates,” Mr Baylis said.