UBS Asset Management has appointed Liam McDermott as director for their Institutional Business Development team in Melbourne.
McDermott joined them after eight years as an institutional account manager at BlackRock in Australia and the UK.
He was responsible for managing relationships with superannuation, government and sovereign funds.
Bryce Doherty, head of UBS Asset Management for Australia and New Zealand, said McDermott’s appointment strengthens their institutional sales team.
"We felt it was important to increase our presence in Melbourne and adding someone with Liam’s experience to the team will ensure we continue to bring the best of UBS to Australian clients.”
The fund has announced three executive-level appointments, including a new chief investment officer.
The super fund has tapped a former Vanguard and Plato Investment Management executive to lead its fixed interest team.
The firm has grown its wealth management team with an experienced distribution specialist.
The $36 billion fund has announced the appointment of an experienced public sector executive leader.
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