EQT reviews priorities for asset management business

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George Boubouras, chief investment officer at Equity Trustees (EQT), is to leave the company following a review of its strategic approach and the priorities for its asset management function.

Dr Paul Kasian, currently head of equities at Equity Trustees, will become acting head of asset management, supported by Hugh Hodges, Lance Pupelis, James Buckley and a team of equity analysts.

Robin Burns, managing director of Equity Trustees, said that Mr Boubouras had made a valuable contribution to the business since he joined in 2013 but that Equity Trustees was now pursuing a different focus and approach to the one envisaged at that time.

“George joined Equity Trustees in order to help us further build and develop our asset management business, with a particular focus on attracting new mandates.  However, the growth in other areas of the business over the same period has meant that we have now decided to refocus on internally sourced funds.

“George has achieved the goals that were set when he joined us, and has strengthened the asset management team over the past 18 months. He assisted with the creation of a number of processes to support the new prudential standards for the industry.

“In discussions with George on the strategy for our asset management team and his role, it became apparent to both of us that his experience, skills and ambitions would not be fully utilised under this new strategy.

“We are extremely grateful for the contribution that he has made and wish him all the best in his future career,” Mr Burns said.

Equity Trustees Limited (EQT) is a publicly listed company that provides a range of financial services to corporate and private clients.  Its businesses include asset management, distribution, responsible entity appointments, private wealth managements, and corporate and personal superannuation.

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14 August 2014