According to a statement, fund manager NWQ Capital Management has established an office in New York and has named Robert Kalish managing director, international.
Mr Kalish joins the firm from Bank of Tokyo-Mitsubishi UFJ, where he held the role of director US convertible security sales, the statement said.
Mr Kalish said he is looking forward to taking NWQ’s offering to the substantial US client base.
“Given the sizable opportunity set here in the US, and the demand for Asia-Pacific and Australian absolute return funds, NWQ’s globally recognised position in the Australian absolute investments market made the role a very appealing one,” he said.
NWQ managing partner Jon Horton said ongoing and increasing US-based inquiry had underpinned the decision to open the firm’s doors in New York.
“We have seen significant interest from the US market in the new offshore fund, so it made sense to have boots on the ground there to make the most of that opportunity and build a client base with a hands-on approach,” Mr Horton said.
In addition, NWQ has appointed Tim Banfield to the newly-created role of managing director of distribution after the firm was awarded several Sydney and Melbourne-based mandates.
Mr Banfield is a former Australian director of fund manager Man Investments, and was most recently with Australian fund manager Packer and Co, the statement said.
Both Mr Kalish and Mr Banfield start their new roles on 1 June.
Read more:
Westpac undertakes technology restructure
BT Panorama inks deal with robo-adviser
Poor advice compensation edges up to $204m
