AMP has named Stuart Eliot as the new head of portfolio management for its multi-asset group (MAG).
Mr Eliot will join AMP in April from Pendal Group, where he has served as senior portfolio manager of multi-asset investments since 2016 and was formerly portfolio manager of diversified funds.
In his roles at Pendal, Mr Eliot was responsible for portfolio construction, asset allocation, portfolio monitoring and investment research with a focus on responsible investing.
He also previously held senior investment baking and research roles at UBS.
“Stuart is a proven investment manager with more than 30 years of experience, and a key addition to MAG, a team of experienced investment professionals,” said AMP CIO Anna Shelley.
AMP said that Mr Eliot would work closely with Ms Shelley in his new role to oversee portfolio construction and asset allocation across MAG’s investment portfolio.
The MAG team has over $104.8 billion in multi-asset funds under management and is responsible for investment management for institutional clients and AMP’s superannuation funds including the MySuper Lifecycle options.
“With the transfer of the MAG investment team from AMP Capital to AMP’s Wealth Management business successfully completed as planned, we have a strong team in place, focused on delivering high-quality products and strong investment outcomes for clients, including for AMP’s almost one million super members,” said Ms Shelley.
Mr Eliot’s appointment follows a number of other recent hires to AMP’s MAG team including Gavin Mork as head of private markets and Duy To as head of public markets.
