Simon Stevenson, Schroders Australia deputy head of multi-asset will retire by the end of this year, according to industry sources.
Stevenson, who has worked in the investment industry for 23 years, joined Schroders in 2008, working alongside the firm’s head of fixed income and multi-asset, Simon Doyle.
The Schroders Real Return strategy forms almost half the AMP Capital multi-asset fund open to NZ investors. The NZ version of the AMP Capital multi-asset fund has about $145 million under management.
Schroders was unable to comment prior to deadline.
Elsewhere, another storied fund manager – First Sentier Investors (formerly Colonial First State Global Asset Management, or GFSGAM) – named a new head for Australia and NZ after incumbent, Harry Moore, took up the newly-created role of global head of distribution with the group.
Liz Hastilow takes over the Australasia gig from Moore while retaining her existing titles as First Sentier’s global chief legal and risk officer.
The move was part of a wider change to the First Sentier leadership team that saw a number of other promotions and reshuffles.
First Sentier Investors has appointed its former managing director for Australia, New Zealand and Japan to the newly created role of global head of distribution.
The manager has some exposure this side of the Tasman, most notably for its listed infrastructure fund.
In 2018, the Commonwealth Bank of Australia sold the-then CFSGAM to the Japanese financial conglomerate, Mitsubishi UFJ Trust and Banking Corporation (MUTB), for A$4.13 billion. (MUTB also owns about 15 per cent of AMP Capital).
CFSGAM, headed by Mark Steinberg, rebranded as First Sentier last September. The group counts almost A$230 billion in assets under management.
Closer to home last week, Devon Funds revealed its parent group, Investment Services Group, had donated $25,000 to the Auckland City Mission as the homeless shelter charity approached the 100-year milestone.
In a release, Devon Funds managing director, Slade Roberston, said the donation reflected the fact that many New Zealanders were “in desperate need as a result of the economic impact of the COVID-19 pandemic”.
“Given the critical services Auckland City Mission provide, we wanted to do as much as we can to support them,” Robertson said. “They need our support more than ever.”