Lazard Asset Management appointed a former Bennelong director of distribution to lead a southern expansion.
The firm responsible for more than $240 billion is expanding its distribution efforts in Australia with a new office in Melbourne.
Heading up the new office will be Adam Tweedale, who was previously a director of distribution with Bennelong Funds Management. Tweedale links with Lazard from Copia Investment Partners where he was a state manager for around four years.
Operating from the Melbourne office, Tweedale will assume responsibility of Lazard's sales and marketing in the southern region of Australia.
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Lazard chief executive Paul Cuddy said he was delighted Tweedale was joining the firm.
"Expanding Lazard Asset Management's footprint in Australia is a demonstrable commitment to servicing both our retail and institutional clients located in the southern regions of the country," Cuddy said.
"We are delighted that Adam has agreed to join our team. He brings with him outstanding investment and business development credentials."
Cuddy became Lazard's chief executive in February this year, after long time head Rob Prugue retired from the asset manager.