Lonsec appoints new CIO

Oksana Patron

11 August 2023

Lonsec Holdings has announced the appointment of Nathan Lim as its Chief Investment Officer (CIO) and executive director, Lonsec Investment Solutions, effective in August.

Lim, who joined from Morgan Stanley Private Wealth Management Asia where he served as co-head of Investment Management Services, started his career in 1995 and has extensive experience in asset management, research and stockbroking across Asia, North America, the Middle East and Australia.

Prior to Morgan Stanley, he managed Australian Ethical Investment’s International Shares Fund.

As CIO, Lim will join the Product and Investment Oversight Committee, Asset Allocation, Manager Selection, Direct Equities and Tailored Portfolio committees, which oversee the Lonsec Investment Solutions portfolios.

Commenting on the appointment, Lonsec CEO Mike Wright said: “We are delighted that Nathan is joining Lonsec to lead the Investment Solutions business as he brings considerable international expertise in multi-asset strategies and a particular interest in responsible investing.

“Nathan joins the business at an exciting time as we continue to grow our expanding managed accounts business. This includes renewing our commitment to partner with quality advice businesses to support them with tailored managed account solutions.”

Lonsec also announced that Deanne Baker has been appointed to the newly created position of Deputy CIO and she will also continue in her role as Portfolio Manager Multi-Asset Portfolios, managing the multi-asset, retirement and sustainable portfolios.

Baker has been with Lonsec for 15 years, working across both Lonsec Research and Lonsec Investment Solutions. She will be assisted by Eleanor Menniti who rejoins Lonsec as Associate Portfolio Manager, Multi-Asset Portfolios, after five years at BlackRock.

Lonsec has also announced that Veronica Klaus, who has been with the firm for 12 years, will head up the newly named Tailored Solutions business as Head of Tailored Investment Solutions. Assisted by a team of Portfolio Managers, Klaus  will lead Lonsec’s renewed focus into bespoke and tailored investment solutions for larger self-licenced advice firms and large licensees.