David Macri has been named Australian Ethical’s new chief investment officer, while outgoing CIO James Jordan has decided to return to his career in the Australian public service.
Macri was hired by Australian Ethical in 2009 as an equities analyst and portfolio manager. Prior to joining Australian Ethical, he worked for Macquarie Group, Credit Suisse, Mellon and Mercer covering strategic and tactical asset allocation, sell-side and buy-side research and portfolio construction as well as asset consulting and rating agency process management.
“I am delighted to be appointing David to the role of CIO,” said Phil Vernon, Australian Ethical managing director. “He is very well respected by his colleagues and has a broad base of experience that is well suited to our investment style and product suite. I look forward to working more closely with him on our investment processes and welcome him as a valuable addition to the senior management team.”
Jordan will be leaving the firm on 28 March. He was appointed CIO in early 2010 and previously served as head of research. He joined Australian Ethical in 2006, and had previously worked in various commonwealth government departments as a senior economist.