IRELAND - Bank of Ireland Asset Management (BIAM) has hired a managing director of Morgan Stanley Investment Management in London as a director and member of its global investment team.
Paul Boyne will take up his new position early in the New Year, with specific responsibility for managing global equities, BIAM said.
Boyne, who joined Morgan Stanley in 1993, is currently a senior member of the team that manages Morgan Stanley’s US$5bn global value equity portfolio.
Commenting on his appointment, Boyne said: “BIAM has a significant global equity capability and I very much look forward to working with the team and making a positive contribution to the performance we achieve on behalf of clients.”
In his new capacity, Boyne will work with chief investment officer Chris Reilly, who has direct responsibility for BIAM’s global product, and other members of the investment team.
Kevin Dolan, chief executive of BIAM, said: “Paul brings with him a depth of investment knowledge, plus a proven track record, which I believe will add significant value to our investment process.”
The appointment comes on the back of a management shake-up in September, the result of the sudden departure of four of BIAM’s senior investment team – deputy chief investment officers John Nolan and Des Sullivan and senior equity managers Richard Kelly and John Forde.
The announcement, which is subject to IFSRA approval, also follows the appointment of Ivan Fox as a senior member of the investment team earlier this month.
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