Sean Murray will head Deutsche Asset Management's (DeAM) listed property trust business in Australia, following the promotion of Andrew Stubing to head of Asian equities.
The moves, effective from September 1, 2001, will see Stubing relocate to Singapore. DeAM’s Australian property securities team will also be expanded by the inclusion of an additional portfolio manager, Roland Hill. Hill will focus on the developers and contractors sector.
Chief investment officer, Andrew Fay, confirmed that the internal appointments are replacements for promoted staff.
Murray joined DeAM in July 2000, following the purchase of Paladin Australia. At Paladin, he headed the property securities team.
Roland Hill has worked as an analyst with DeAM for the past four years, covering a number of equity sectors including developers and contractors.
Adrian Harrington remains as fund director of Deutsche Paladin Property Securities Fund, with Amy Pham, Mark Ferguson and David Sullivan portfolio managers.
By Janet Du Chenne
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