A $2.5 billion Melbourne-based boutique has hired a new portfolio manager from a family office as it builds out its global capability.
Ben Wang will work on Jamieson Coote Bonds' Global Bond Fund which opened to Aussie investors earlier this month after a 2018 seeding.
Wang joins from Wah Hin and Co where he was a vice president, investments at the Singapore-based family office. Prior to this, he was a performance analyst at Aberdeen Asset Management for three years.
At JCB, he will work alongside deputy chief investment officer Kate Samranvedhya who joined the boutique from the Hong Kong Monetary Authority last year.
Both are based in Singapore, where the boutique opened an office last year as it branched out of Aussie sovereign bond investing and looked for global investors after winning a $500 million mandate from AustralianSuper and a $180 million mandate from UniSuper.
Jamieson Coote Bonds chief investment officer Charlie Jamieson said: "A key area of growth is to expand our global presence and strengthen our investment capability. Our investment process relies heavily on actively monitoring global markets and fundamentals, policy, politics and supply implications, to mitigate downside risk."
"With Kate and Ben on board in one of the key financial centres in Asia, we can further enhance our investment process and ability to deliver return outcomes for our investors, at a time of great uncertainty in markets."
Deputy chief investment officer Kate Samranvedhya said: "Ben's analytical and quantitative skills, macroeconomic and asset allocation experience, combined with perspective from his native China give our team additional strength and diversity of views."
The boutique's initial strategy has focused on high-grade sovereign bonds backed by governments with a credit rating of AA or AAA in Australian dollars. The allocations are tilted towards Australian government bonds, state bonds (where it doesn't invest West of Melbourne, in mining states) and supranational bonds.
But last March, it seeded a sophisticated/wholesale investor-only strategy that invests in global sovereigns, semi-government, agencies and supra-nationals in the core G7 defined countries − Canada, US (North America), France, Germany, Italy (Europe ex-UK Core), UK and Japan, as well as satellite countries.
Read more: How JCB is building its business.