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Lonsec CIO to depart

By Keith Ford
2 minute read

Lonsec has announced that Lukasz de Pourbaix, executive director and chief investment officer, Lonsec Investment Solutions, will leave the business in June.

Michael Wright, Lonsec chief executive and managing director of Implemented Portfolios, will take over the executive director responsibilities while the business searches for a replacement.

“Lukasz has made an outstanding contribution to Lonsec and the industry, establishing our strong investment consulting and managed account capabilities,” Mr Wright said.

“As group CIO, Lukasz has overseen the various investment committees used to make medium-term investment decisions based on a clearly defined, common sense research-based investment philosophy.

“We wish Lukasz all the best with the next exciting stage of his career at a leading global asset manager and can assure all investors that the team remain absolutely committed to continuing the great work.”

Lonsec said its managed account portfolio and consulting services will continue to be managed by experienced and longstanding members of the Lonsec team, who will report to Mr Wright.

Deanne Baker, who has been with Lonsec for 15 years, has been appointed interim CIO and will continue to be the portfolio manager of multi-asset portfolios, managing the multi-asset, retirement, and sustainable portfolios.

Ms Baker will chair the Lonsec Investment Solutions asset allocation investment committee and join the IPL asset allocation investment committee as a member.

The IPL portfolios will continue to be overseen by IPL’s asset allocation investment committee chaired independently by Paul Dortkamp. Tim Farrelly, from Farrelly’s Investment Strategy, also continues to be a member of the IPL AAIC, which he and Mr Dortkamp have served on continuously since the inception of IPL in 2010.

Lonsec is also expanding this committee with the additions of Ms Baker, Chris Robertson, and Nick Field, who has recently been promoted to the role of portfolio manager, IPL Portfolios.

The business also recently established a group product investment oversight committee (PIOC).

The PIOC is a sub board committee to the Lonsec board and is responsible for ensuring that the IPL and Lonsec portfolios have the necessary personnel, processes, and risk management frameworks in place.

In February, Lonsec made a number of executive appointments, including Bruce Hawkins in the newly created role of chief operating officer, Naomi Christopher as head of marketing and PR across the Lonsec Group, and Dr Steve Garth as Lonsec PIOC chair.