Artio Global Investors will open an office in Sydney, the New York-based investment management firm has announced. The Sydney office will be part of the firm’s strategy to increase its distribution into Asia.
Richard Pell, Artio Global Investments chief executive explained: “We have been looking to expand our global network, and Australia, with its appetite for a variety of strategies and large pool of superannuation capital, is a logical early opportunity.”
Artio has around US$49.2 billion in assets under management, as of end-May this year. The firm’s approach is to invest across developed and emerging markets in asset classes where inefficiencies can be exploited.
Sydney will be the firm’s third non-US office, after Toronto and London. The company’s initial focus in the region will be on its global equity strategy. Artio will also provide a fixed interest global high yield offering, which the company has run since 2003.
The Sydney office will be run by Australian Ian Webber, who is currently director of institutional investments (Australia and New Zealand). Webber joined Artio last month, before which he was co-head of Australia at AXA Rosenberg Investment Management.
