BT Funds NZ portfolio manager, Anna Boyle, will follow her former boss over to the almost $2 billion charity sector investment specialist, Trust Management, next month.
Boyle, currently BT portfolio manager sector funds, ends a more than 12-year career at the Westpac-owned investment house in February to assume the new role at Trust Management.
Matthew Goldsack, ex BT head of investment solutions, joined Trust Management about 12 months ago as general manager investments.
According to a Trust Management release: “We can confirm that Anna Boyle will join Trust Management as an investment manager from mid-February. Trust Management has experienced significant interest in its investment advisory services and managed funds in recent years and throughout 2020.
“An experienced Portfolio Manager, Anna’s arrival adds to Trust Management’s investment advisory capabilities and assist us in further enhance Trust Management’s responsible investment practices.”
She joined BT in 2008 as an investor communications specialist following an almost four-year stint with the London arm of German Commerzbank. In 2010 Boyle took on a senior research analyst role at BT before a promotion to her current role in 2018.
Goldsack said as well as day-to-day portfolio management duties, Boyle would be involved in client consulting along with environmental, social and governance (ESG) responsibilities.
“She has a strong background in ESG,” he said.
Former Mercer chief investment officer, Philip Houghton-Brown replaced Goldsack at BT last September after Francois Richeboeuf, BT senior portfolio manager, held the role in an acting capacity for several months.
Last year Trust Management restructured its funds as portfolio investment entities (PIEs) as part of a move to broaden its appeal beyond the zero-rated charity sector. Previously, the manager used group investment fund (GIF) vehicles, which are only efficient for entities that don’t pay tax such as charities.
As at September last year, Trust Management PIEs held about $500 million with the group managing a further $1.4 billion or so in discrete accounts.