Salt Funds Management has secured the trifecta of AMP Capital ex-pats after naming Greg Fleming as head of global diversified funds today.
Fleming resigned as AMP Capital NZ head of investment strategy last week along with senior portfolio manager, Daniel Mead.
While Mead shifted to a similar position with sister firm AMP wealth, Fleming joins former colleagues Bevan Graham and Greg McMaster at Salt. Graham and McMaster – AMP Capital NZ managing director and head of sales, respectively – both resigned the group last year, reappearing in respective roles for Salt as economist and head of client partnerships.
In a release, Salt says Fleming would help as the manager expands into a broader product suite with a new range of funds covering offshore asset classes.
The new fund range includes “the Salt Sustainable Global Shares Fund with Morgan Stanley Investment Management as the underlying investment manager, and Salt Sustainable Global Listed Infrastructure Fund and Salt Sustainable Global Listed Property Fund, with Cohen & Steers as the underlying investment manager”, the release says.
Salt managing director, Paul Harrison, said in a statement: “Greg’s skill as an investment strategist, focus on client outcomes and ability to contribute to the efforts of our wider team makes him a valuable addition to Salt.”
Fleming was due to officially start at Salt in May.
Previously, he served as a research strategist with First NZ Capital (now Jarden) before joining AMP Capital NZ in 2016.
The ASX-listed AMP is undergoing a major refit with the AMP Capital funds management division slated for sale. Francesco De Ferrari, AMP chief, resigned early in April but will likely stay on until his successor, Alexis George, assumes the role in September.
Salt, which spun out of the Westpac-owned BT Funds in 2013, runs a Australasian equities mandate for AMP Capital NZ.