Macquarie Investment Management, part of Macquarie Group, has appointed Gyula Tóth (pictured) as senior investment manager in its global multi asset team.
Based in Vienna, Tóth will be reporting to Stefan Löwenthal, CIO of Macquarie’s global multi asset team.
Tóth will be responsible for supporting the multi asset capability with his expertise in emerging markets and fixed income, including contributing investment views to the global multi asset absolute return strategy and managing institutional multi asset portfolios.
He will also support Macquarie’s growing EMEA distribution activities.
Tóth joins from Munich Re & Ergo Asset Management (MEAG) where he was an emerging markets fixed income portfolio manager and member of the strategy asset allocation committee.
Prior to that, he was managing director at Ithuba Capital where he ran a global macro fund, and spent seven years at UniCredit, most recently as head of Group EMEA FI/FX Strategy in London and Vienna.
Formerly he held positions at the National Bank of Hungary and the European Central Bank in Frankfurt.
Stefan Löwenthal, CIO of Macquarie’s global multi asset team, said: “We are extremely pleased to welcome Gyula to the team. Understanding the major drivers and dynamics within markets is central to our multi-asset strategy, and Gyula brings valuable experience from managing emerging markets portfolios. His insight will help us to continue to add value for our clients, by taking active and timely asset allocation decisions.”
Macquarie has been managing multi asset strategies since 1998. Its global multi asset absolute return fund is available in Austria, Germany and more recently the UK.
Macquarie Investment Management had £210bn (€244.8bn) of assets under management as of end-December 2016.