Acadian promotes sales head

Gillian Savage
Acadian Asset Management (Australia) Limited - Chief Executive
Date: 24 May 2022
Position: Chief Executive
By Elizabeth Fry

Acadian Asset Management Australia has appointed Gillian Savage as chief executive, replacing Andrew Hair who will step down after ten years in the top job.

Previously, Savage was Acadian's senior vice president of sales and client service for 13 years.

"I'm thrilled about the new role and we will continue to work with our clients to meet their investment goals through our systematic and data-driven investment approach," Savage said.

"Acadian's local focus is on continuing to build our equities offering, including looking at new data-based approaches to ESG investing and growing our multi-asset capability in both the institutional and wholesale channels in Australia."

Before joining Acadian, Savage was global head of client services at Colonial First State Global Asset Management.

She is also a former head of distribution services at Deutsche Asset Management.

Hair said after being with the business for over 15 years he felt it was time for a change.

Acadian has over $150 billion in global assets and deploys systematic investment techniques across stock-specific, macro, and peer forecasting models.