New chiefs are about to take over at Delaware Investments
] and at UBS's
] New World asset management efforts.
On Monday Ben Bruck
, chairman of Delaware and global head of Macquarie Investment Management
that on June 1 Shawn Lytle
will become president of Philadelphia-based Delaware and regional head of Macquarie IM for North America. Lytle was head of UBS Global Asset Management's Americas business, and Australian Financial Review
and Pensions & Investments
both report that, according to an internal UBS memo, Blake Moore
has filled Lytle's shoes as head of the Americas for UBS GAM.
Insurance Asset Risk
both also reported on Lytle's move to Delaware.
At Delaware, which is a subsidiary of the Australia-based Macquarie Group, Lytle is succeeding outgoing CEO Pat Coyne
. In February Bruck confirmed
that Coyne, 51, and See Yeng Quek
, co-head of fixed income at Delaware, will retire on September 30. Roger Early
, the other co-head of fixed income, will become the sole fixed income chief.
Like his predecessor, Lytle
is a career PM. An alumnus of Georgetown, he started his career at J.P. Morgan in 1992. He spent 10 years there, serving as global equity PM, before joining UBS GAM as head of equity capabilities and global PM. Nine years ago he became team co-head for UBS GAM's global equity team, and two years later he became deputy global head of equities. And then five years ago he rose
to head of UBS GAM in the Americas.
As for Moore
, he's a Durham, North Carolina native and an alumnus of the College of Wooster and of Harvard Law School. He's also a former professional football player who spent six seasons in the NFL as an offensive lineman for the Cincinnati Bengals and the Green Bay Packers. He retired from the NFL in 1985.
Moore spent three years at Mackenzie Investments in Canada as executive vice president and head of distribution before departing a year ago. prior to that, he spent more than a decade at Allianz Global Investors, first as CEO of distribution and then as CEO of fund management. He also spent 11 years at Nicholas-Applegate Capital Management.
As of December 31, Delaware had more than $185 billion in assets under management, and all of Macquarie Group had about $372 billion in AUM as of September 30.
Neil Anderson, Managing Editor
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