Australian Ethical names head of asset allocation

Australian Ethical has appointed ex-MLC Australia portfolio manager John Woods as its new head of asset allocation.

A registered CFA, Woods has held strategy and portfolio management roles at CLSA, Macquarie Group, and IBM. He started his career as a software engineer at Honeywell.

Australian Ethical chief investment officer David Macri said, "Australian Ethical already has a long track record of producing above-market returns by specialising in responsible investment. Investing in future-focused talent and technology will help us to maintain this position and continue to keep us in good stead in achieving these stellar results."