DWS has won a EUR 2.2 billion (A$3.5 billion) mandate from ANZ Private in Australia to provide Tactical Asset Allocation advisory services around its multi-asset model portfolios.
Commenced in the third quarter of 2019, DWS also joined ANZ Private’s investment council as part of the mandate. It will assist the group’s investment council on global market perspectives and multi-asset tactical portfolio recommendations, in line with ANZ Private’s risk, tracking error and return objectives.
Sean Taylor, the CIO for the Asia Pacific region and head of emerging markets at DWS, said: “Critical to winning this mandate was our ability to present ANZ Private with a unified, global ‘CIO View’ and strong multi-asset investment capability. We view this mandate as the beginning of a broader strategic partnership with ANZ Private.”
Mike Norfolk, the managing director of private banking and advice at ANZ, said DWS had become the “primary asset consultant” for the group’s tactical asset allocation decisions. DWS had a strong history and proven track record in adding value to investment portfolios, he said.
The DWS ‘CIO View’ and multi-asset platform are comprised of a lead group of global portfolio managers and researchers to provide a consistent view across asset classes. It uses a blend of qualitative and quantitative risk and return assessments and scores.
Greg Bright is publisher of Investor Strategy News (Australia)