Threadneedle Expands Australasian Presence With Director, Institutional Clients Hire

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Threadneedle, a leading international asset manager, has expanded its Australasian team with the appointment of James Wesley as Director, Institutional Clients.

Reporting to David Chinnery, Head of Australasian Distribution, Wesley will be responsible for building and managing relationships with key institutional and third party clients. He will be based in Threadneedle’s Brisbane office and will divide his time between Australia and New Zealand.

Chinnery commented: 'James’s appointment is a significant one for Threadneedle’s growth in Australia and New Zealand, and underlines the firm’s commitment to expanding in these markets. James brings substantial investment and client relationship experience to the role, having spent the past eight years working in the UK funds management industry. Most recently he worked for Threadneedle in London, where he managed the growth of major third party distribution partners including Zurich, AXA, Nationwide, Prudential and Skandia.

'We believe Australian investors will increasingly seek to allocate a higher proportion of assets to offshore funds. As a major international active house with an enviable performance track record, Threadneedle brings a strong proposition to the market and we look forward to introducing this to investors in the region'.

Threadneedle commenced its business operations in Australia in October 2008, with the acquisition of a Brisbane-based asset-backed securities team. Mr Chinnery joined in May 2010 to head the development of a broader distribution strategy that will focus on introducing key strategies – such as global, Asian and European equities, emerging market debt and absolute return - to Australian investors.

Since 2008 Threadneedle has been expanding its distribution capacity outside its more traditional markets of the UK and Europe, and has opened offices in Hong Kong, Singapore, Dubai and Australia.

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