Industry fund Hesta has named former Rosenberg Equities executive Michael Kollo to the newly created role of general manager, quantitative solutions and risk.
Mr Kollo joins Hesta from his former role as chief quantitative strategist and deputy head of research at AXA Investment Managers subsidiary Rosenberg Equities, according to a statement.
Prior to that, he held research and portfolio manager roles at Renaissance Asset Managers and Fidelity International.
In his new position, Hesta chief investment officer Sonya Sawtell-Rickson said the new role will see Mr Kollo further develop the fund’s internal investment facility.
“Michael brings extensive knowledge and experience in quantitative techniques that can enhance our investment process and is at the leading edge of big data innovations,” Ms Sawtell-Rickson said.
“Michael will help us to leverage large and varied data sets, use econometric and machine learning techniques that will support us to continue delivering strong investment returns for members in the future.”
Commenting on his own appointment, Mr Kollo said he was excited to “to help shape and deliver the transformation of the Fund’s investment capability”.
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