Threadneedle Investments has boosted its multi-asset allocation team, run by Toby Nangle, with a hire from Aon Hewitt.
Craig Nowrie had been appointed as client portfolio manager in the team; he was formerly a senior research consultant at Aon Hewitt where he covered multi-asset, diversified growth, global equity, fund of alternatives and currency.
‘The recent UK pension reforms could be a game-changer for fund managers, particularly in multi-asset which provides retiring people with a viable option to invest and manage their pension pots,’ commented Nangle (pictured), Threadneedle’s head of multi-asset allocation.
Approximately 40% of Threadneedle’s assets are held in asset allocation mandates.
‘Craig brings a wealth of knowledge on multi-asset, and his insights will help us tackle the challenges facing today’s investors and deliver solutions in an area of increasing demand,’ said Nangle.