Mac­quarie hires UBS as­set man­age­ment team

The Pak Banker - - COMPANIES/BOSS -

Mac­quarie Group Ltd. hired a for­mer UBS Group AG as­set-man­age­ment team to fo­cus on emerg­ing-mar­kets eq­ui­ties at the bank's Delaware In­vest­ments unit in the U.S.

The group is led by Joseph Devine, who will re­port to Pres­i­dent Shawn Ly­tle and be based in San Diego, ac­cord­ing to a state­ment Tues­day from Delaware. The team in­cludes se­nior port­fo­lio man­ager Stephan Maikkula along with Barry Ken­dall, Thomas Pak and James Brandt and Jay Su Erick­son, ac­cord­ing to the state­ment.

"This team is a strong fit with our multi-bou­tique plat­form and plays an im­por­tant role in meet­ing the needs of clients seek­ing more global ex­po­sure and ac­tive man­age­ment in in­ef­fi­cient mar­kets," Ly­tle said in the state­ment. "We are proud to add this dis­tin­guished team and its long-term track records to the firm."

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