Australian and UK listed fund manager Henderson Global Investors, with £66.7 billion* assets under management globally, has hired industry veteran Rob Adams to spearhead its investment management business in Australia.
The development of a pure funds management business in Australia is part of Henderson’s strategy to grow its footprint in high-value markets in the Asia Pacific region, including China, Japan and Australia. Together with additional hires to be announced in due course, Rob will be responsible for developing and directing the business strategy.
Rob has over 20 years experience in the industry both in Australia and the UK. Most recently, he was chief executive at Challenger Funds Management, a division of ASX listed Challenger Limited, which he joined in 2003. Prior to that, he spent over a decade at Colonial First State Investments where he was responsible for all sales, marketing and product development activities for the firm. During his last three years at Colonial First State, he was CEO of First State Investments UK, having created that firm following the acquisition and successful integration of Edinburgh-based Stewart Ivory in 2000.
Commenting on Rob’s appointment, Andrew Formica, chief executive, says, “Henderson has an extensive history in Australia and a supportive shareholder base. It has long been part of our strategy to grow our global presence by building out into this key market. To do this well requires a clear commitment to on the ground local knowledge and experience. Rob has a great track record both in terms of experience in the industry and also in building and running successful businesses. We will provide him with the infrastructure, support and investment which will enable him to build a strong business. I am delighted that he has joined Henderson.”
Rob adds, “The Australian market is one of the most sophisticated markets in the world, driven by its compulsory pension structure and quality intermediation. Henderson already has an excellent reputation as a pure, focused and results-driven firm and I am looking forward to building on that and helping create a sustainable and scalable Australian business.”
*as at 31 March 2012
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