Morgan Stanley Investment Management has appointed Roger Prezens to its Australian client coverage team as an executive director.
Based in Melbourne, Prezens will be focused on institutional business development and servicing existing clients.
Prezens joins the team from UBS Global Asset Management where he was a director responsible for institutional business development and client service.
Managing director Paul Price said Prezens’ appointment will strengthen the asset management business in Australia.
“We are committed to providing the highest level of investment solutions and client service to Australian investors,” Price said.
Governor Michele Bullock said the board debated a larger move but settled on a cautious 25 bp cut, while warning the RBA remains on high alert for a global financial shock.
The RBA has lowered rates to a level not seen since mid-2023.
While Australia’s largest super funds are increasingly bringing investment management in-house, Brighter Super is charting a different course as it continues to grow.
As local regulators warn of emerging risks tied to investors’ growing participation in private markets, a Queensland-based fund has described the segment as “crucial” for portfolio resilience.