Zurich-based Vontobel Asset Management has hired a new senior relationship manager to expand its footprint in the Australian institutional investment market.
The firm has appointed Bobby Ross Bostic Jr to support the firm's "growing activities in Australia and New Zealand", said a Vontobel AM statement.
Vontobel AM's parent company, the Swiss private bank Vontobel, signed a memorandum of understanding with ANZ in November 2012, followed by a 'cooperation agreement' in November 2013.
"Next to its partnership with ANZ, Vontobel Asset Management will broaden its client coverage in the institutional market with this new hire," said the statement.
Mr Bostic will bring a "proven institutional sales background to Vontobel Asset Management" as well as 20 years of industry experience, said the statement.
"He previously worked at Russell Investments as an investment consultant based in Auckland where he provided tailored investment advice to institutional clients," it said.
Prior to that, Mr Bostic worked for Capital Group in Singapore and Sydney as director for institutional and retail distribution.
Vontobel AM Asia Pacific deputy head Juerg Fritschi said the firm's 'Quality Growth' strategies run out of New York have been "very well received" by Australian superannuation funds and institutional investors.
"Now, it is time to take the next step and demonstrate our long-term commitment to this market by expanding our footprint into other areas of investment expertise within the group," Mr Fritschi said.
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