Lonsec has named Nathan Lim as chief investment officer (CIO) and executive director, Lonsec Investment Solutions, following an extensive search to replace Lukasz de Pourbaix, who announced his intention to depart after holding the dual role for four years.
Mr Lim joins from Morgan Stanley Private Wealth Management Asia where he was co-head of investment management services. Before this, he had a six-year stint as head of wealth manager research.
According to Lonsec chief executive Mike Wright, while at Morgan Stanley, Mr Lim developed its award-winning, multi-asset investment approach for both the Australian and Asia wealth management divisions.
Before this, he managed Australian Ethical Investment’s International Shares Fund.
As CIO, he will join the product and investment oversight committee, asset allocation, manager selection, direct equities and tailored portfolio committees, which oversee the Lonsec Investment Solutions portfolios.
The firm first announced in April that Mr de Pourbaix would leave the business in June, with Mr Wright set to take over the executive director responsibilities while a search for a replacement was ongoing.
“Nathan joins the business at an exciting time as we continue to grow our expanding managed accounts business. This includes renewing our commitment to partner with quality advice businesses to support them with managed account solutions,” Mr Wright commented.
He added that Mr Lim’s experience makes him “an outstanding addition to the Lonsec Investment Solutions team”.
Speaking in a LinkedIn post on Thursday, Mr Lim said he was excited to commence in the role.
“I am so excited to be joining Lonsec, a firm with a long history of research excellence that resonates with my DNA. Mike and the team have built an amazing business that I feel privileged to be joining,” he explained.
In addition to Mr Lim joining the business, Deanne Baker has been appointed to the newly created position of deputy CIO.
Lonsec confirmed that Ms Baker will also continue in her role as portfolio manager for multi-asset portfolios, a position she has held since 2020.
She will be assisted by Eleanor Menniti, who rejoins Lonsec as associate portfolio manager after five years at BlackRock.