Acadian Asset Management has announced the appointment of Mark Mukundan to the newly created role of vice-president product and wholesale markets, as part of the investment manager’s next phase of growth.
Mr Mukundan was previously executive manager deposits and investment products at Colonial First State, where he was responsible for the management of institutional and retail investment products. Prior to that, he was a product manager at Macquarie Global Investments. He holds a masters in applied finance and a bachelor of business administration.
“We’re delighted to have Mark in this role,” Acadian Asset Management (Australia) Limited CEO Andrew Hair said. “Mark will help us further grow our business’ footprint in the wholesale and intermediated channels in Australia as we bring distribution in this space in-house for the first time.”
Mr Mukundan’s appointment takes Acadian’s client and sales team to five people in Australia. Its investment team has also grown over the past few years in response to investor demand.
“Acadian has been growing consistently over the past few years and is receiving increasing investor interest,” Mr Hair said. “With our focus on strong returns for risk, downside protection and ESG, our strategies are well placed for advisers and other intermediaries and their clients.”
Acadian Asset Management is a quantitative firm founded in 1986 based in Boston, US with affiliates located in London, Singapore, Tokyo, and Sydney. It manages over $140 billion in assets under management globally as of 30 November 2019, on behalf of large pension funds, endowments, foundations, governments and other institutional investors. It currently manages $9.5 billion in assets under management on behalf of Australian and New Zealand investors, including over $1.5 billion outside institutional investors.