Newtown Investment Management has appointed former Deka Investment global equities head Ilga Haubelt to lead its equity opportunities team.
The hire follows the formalisation of Newtown’s 16-odd active equity team into two principle hubs: equity income and equity opportunities.
In her new role, Ms Haubelt will lead and manage a team of 10 responsible for Newton’s active equities strategies that are not managed on an income basis, including its global, Asian, US, emerging UK and European equity specialties.
Ms Haubelt will be based in London, reporting to Newton’s chief investment officer, Curt Custard from 4 November.
In her previous role with Deka, she oversaw a team of 23 people and assets of more than $US15 billion ($21.8 billion), as well as managing the firm’s largest equity fund.
Mr Custard commented: “Ilga is a highly experienced equity portfolio manger and team leader, bringing skills which complement our strong equity opportunities team, as well as our pedigree in research idea generation.”
Newtown reported managing almost $US29 billion ($42.2 billion) of active equity mandates, as at 30 September.
Equity opportunities was said to account for $US13.7 billion ($19.9 billion) of the active equity assets, with the investment firm running $US15.2 billion ($22.1 billion) in equity income.
The investment process and the structure of the portfolio managements of the strategies however will not change.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
Commonwealth Super has appointed the former head of REST as its new CEO. ...
Allianz Retire+ has appointed an investment and wealth management veteran to its board. ...
First Sentier Investors has appointed its former managing director for Australia, New Zealand and Japan to the newly created role of global ...