Drummond Capital hires fixed income specialist

Garreth Innes
GARRETH INNES
Drummond Capital Partners - Portfolio Manager Fixed Income
APPOINTMENT
DRUMMOND CAPITAL PARTNERS
Date: 14 December 2021
Position: Portfolio Manager Fixed Income
By Elizabeth Fry

Drummond Capital Partners has hired Garreth Innes who most recently worked as head of Australian fixed income at Aberdeen Standard Investments, now abrdn Australia.

Drummond Capital chief investment officer Nick Reddaway said Innes would join Drummond in February as a portfolio manager for the firm's multi-asset portfolios and recently launched a multi-asset hedge fund.

Innes worked at Aberdeen for more than ten years most recently as head of fixed income.

Before that, he did stints as an equities analyst at Morningstar and Deloitte.

"Drummond is one of the fastest-growing investment boutiques in Australia with net inflows in 2021 of $1 billion taking total client commitments above $2 billion," said Reddaway, adding that Innes further enhanced the team's capability.

"The managed account segment has traditionally been dominated by the asset consultants who have limited buyside investment management experience," he added.

"Drummond has differentiated itself as a true investment management business building an exceptionally strong team with diverse buyside investment management experience."

The business also recently opened a Sydney office to be headed by the firm's head of strategic growth, who is currently on gardening leave and will commence in February 2022 as the business looks to expand nationally.