Global fundie nabs Vanguard state manager

In a statement, GQG Partners said it had appointed Ashneel Naidu to the newly created role of director of business development in the firm’s Sydney office.

Mr Naidu was most recently responsible for retail distribution to advisers in NSW and the ACT, including aligned dealer groups, boutiques and IFAs, for Vanguard Investments.

Prior to his role at Vanguard, Mr Naidu had worked in business development positions at Macquarie Bank and Westpac Private Bank.

GQG director of wholesale markets Daniel Bullock said the growth of the US-based fund manager’s Australian operations over the past three years had driven the creation of the new position.

“Our business has grown significantly in the Australian market since first launching here in 2018, and we continue to see strong interest in our global equities and emerging markets capabilities, which have performed strongly despite the turmoil of markets in 2020,” Mr Bullock said.

“Ash has considerable experience and expertise building relationships with the local wholesale market, and he’ll be a key point of contact with, and support for, our network of wholesale asset consultants, national licensees, private banks and independent wealth firms.”