Multinational Natixis Investment Managers has moved to grow its Australian operation, opening its second local office in Melbourne and hiring a new director for institutional sales.
One of the company’s staff to be based in Melbourne is the new director of institutional sales, Danny King, a former Willis Towers Watson investment consultant joining the firm from his most recent role at Stone Harbor Investment Partners.
He will be held responsible for playing a key role in overseeing relationships with key institutional clients, both in Australia and New Zealand.
Mr King will also facilitate clients’ access to investment strategies from the fund manager’s network of more than 20 affiliate investment managers globally.
Damon Hambly, Australian chief executive for Natixis said the Melbourne location is the next step for the business’ local growth.
“Natixis and its affiliates have been a trusted steward of investor capital for over 20 years in Australia and it is time for a permanent presence in Australia’s fastest growing city and key hub for the country’s superannuation industry,” Mr Hambly said.
“Melbourne is not just home to many of Australia’s most important financial institutions – it will soon have a bigger population than Sydney. Natixis’ impressive global affiliate network and highly active strategies will bring a lot of value to the market.”
Natixis reported Mr King has more than a decade of experience in the institutional investment industry.
In the new role, he will support and report to Louise Watson, managing director and head of distribution for Natixis Australia. He will also work with Chris Spinos, the company’s Sydney-based director of institutional sales.
On Mr King’s appointment, Mr Hambly added: “Danny is the ideal person to lead our efforts to give investors in Melbourne – and beyond – access to global investment strategies through our network of affiliate investment managers who provide high-conviction, high-active share strategies.”
Ms Watson commented: “Danny brings a broad network of investors and strong expertise in alternatives and private markets. His market-leading reputation for investment tailoring and intellectual rigour will be an excellent fit for our business.”
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].
MLC Life Insurance has appointed Sean McCormack as the chief of its newly created life insurance division in a move it hopes will better mee...