IOOF appoints Portfolio Manager, Fixed Interest

IOOF has announced the appointment of Osvaldo Acosta to the newly-created position of portfolio manager - fixed interest, based in the firm's Melbourne office.

Acosta joins from Western Asset Management, where he was responsible for managing the trading of fixed income securities, and implementing interest rate strategies across a number of portfolios, including core fixed interest and global mandates.

His previous experience in the investment management space includes various roles at Australian Unity and within Treasury functions.

Commenting on his appointment, IOOF chief investment officer, Steve Merlicek, said: "Osvaldo will be a great addition in this space with significant experience in both cash and fixed interest...we are delighted Osvaldo is joining the IOOF Investment team."