Global index provider FTSE has appointed a former MSCI executive director as its new director for Australia and New Zealand.
Justin Walsh has been hired to lead FTSE's Australian indexing business.
A statement by FTSE said the appointment would help the firm build "innovative indices" for superannuation funds, asset managers and consultants.
"The strengthening of the team reflects the continuing growth in popularity of passive investment management across the Australian and New Zealand market," said the statement.
FTSE Asia managing director Jessie Pak said the appointment reflected the company's commitment to the region.
"We see significant growth opportunities for our business in Australia and New Zealand, particularly with increased demand for a diversified view of global infrastructure, which led to the enhancements in the FTSE Core Infrastructure Index," Ms Pak said.