BT Investment Management (BTIM) has announced that Richard Brandweiner will be its next chief executive officer, BTIM Australia, effective 26 February 2018.
He will replace Michael Bargholz who has been the firm's CEO since October 2016.
Brandweiner has over 20 years' experience working across all asset classes in the investment management and pension fund industries. He was most recently a Partner at LeapFrog Investments, a global impact investment firm, and was previously the chief investment officer of First State Super. Prior to that, he held a variety of investment roles at Perpetual Investments.
Commenting on the succession, group chief executive officer, Emilio Gonzalez, said: "While we are disappointed to see Michael leave, I admire his leadership in setting the long-term strategy of the Australian business and respect his decision that now is the right time for him to hand over the reins."
"In finding and appointing someone of Richard's calibre and experience, we have achieved a seamless transition. Richard's investment management experience makes him an outstanding choice to lead the Australian business. I look forward to working with Richard in his role of CEO of BTIM Australia and as a member of the Global Executive Committee, as we continue to execute our strategy of building and growing a diversified global asset management business."
Speaking to Industry Moves, Brandweiner said: "For me, BTIM is a great opportunity to join a high quality investment management business with great people. I know they have a strong commitment to responsible investment and it is one of their key strategies for growth. I'm really looking forward to being part of the team and helping them succeed."
Bargholz will serve his six months notice period, in line with his contract, from Monday 5 February where he will be on gardening leave. Gonzalez will work alongside Brandweiner to ensure a smooth transition.
At this stage, Brandweiner's role at LeapFrog Investments will not be replaced.