NAB Asset Management’s UK-based investment partner, Intermede Investment Partners, has been awarded a global equities mandate from MLC.
The mandate will see Intermede manage a portion of MLC’s global shares strategy across a number of portfolios, an MLC-issued statement said.
Intermede chief executive Barry Dargan said: “We believe our singular focus on global equities and the experience and longevity of our investment team in managing global growth share products will help deliver superior outcomes for MLC’s investors.”
MLC global equities portfolio manager, Myooran Mahalingam, said the firm is pleased to have appointed Intermede to manage part of its strategy.
“We have been closely looking at Intermede since the firm was established and are confident that their rigorous investment approach, which has been successfully applied for many years and through many types of market conditions, will help deliver returns for investors and complement the existing managers within our strategy,” he said.
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