GUY Strapp is set to become managing director of investments at Australia’s fifth largest asset manager, the combined funds management businesses of Westpac Investment Management (WIM) and Rothschild Australia Asset Management (RAAM).
Strapp will report directly to Peter Martin, CEO of the new company, which will be named in late July or early August.
Previously, he has held a number of senior investment appointments in Australia and Asia, most recently as managing director of Citigroup Asset Management in Japan. Prior to that he was managing director of JPMorgan Investment Management in Australia, which was bought by Citigroup.
In addition to this senior appointment, the integrated investment team, which will manage the funds of Westpac and Rothschild clients, has now been confirmed with, according to a company spokesperson, only a “minor” number of departures.
Jonathan Pain, RAAM’s chief investment officer (CIO), will be CIO of the new organisation and will chair the investment policy committee, while Don Hamson, WIM’s CIO, becomes general manager of investments, with specific responsibility for risk management across all asset classes. Andrew Brown, RAAM’s head of equities, will be the new organisation’s head of Australian equities.
