US-based investment firm Voya Investment Management is entering the Australian institutional market via a distribution partnership with local marketing and advisory firm Breakwater Advisory.
Voya IM, formerly known as ING U.S. Investment Management, has been investing in private placements of Australian corporates for more than 15 years in addition to making private equity investments.
Voya IM will now expand its services in Australia to include providing asset management services to institutional investors across an array of asset classes, including multiple fixed income segments of the market, as well as equity and multi-asset strategies and solutions, the group said.
"Voya IM long ago identified Australia as an attractive and fast-growing market, and we are excited to be able to offer our services to Australian institutional investors," Voya IM's managing director and head of institutional distribution Bas NieuweWeme said.
ING U.S. Investment Management became Voya Investment Management on May 1 following the rebranding of its parent company to Voya Financial. The name change follows Voya Financial's separation from ING Group and initial public offering in May 2013. As of March 31 Voya IM has more than $200 billion in assets under management, with $127 billion managed for external institutions.
Breakwater Advisory is a specialist third-party marketing and advisory firm established earlier this year by Andreas Faeste, who has more than 20 years of Australian institutional investment experience, including senior management roles with Lend Lease/MLC, Westpac Investment Management, IAG and ING Investment Management Australia.
Voya IM's capabilities cover a broad array of asset classes, including fixed income, senior loans, equity and multi-asset strategies and solutions.
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