Ian Shea joined Acadian Asset Management (U.K.) as director of Middle East sales and client service, said a spokeswoman.
The position is new, and Mr. Shea is based in London. The firm is the subsidiary of Boston-based quantitative active global equity manager Acadian Asset Management, which has $60 billion in assets under management. Mr. Shea leads sales and client services in the Middle East for the London-based firm. The spokeswoman said Acadian’s assets under management in the Middle East are $240 million.
In his role, Mr. Shea ensures that Acadian’s resources are closely aligned with the areas of future growth in money management in the Middle East.
Mr. Shea was previously director, head of equity manager research, at consultant bfinance. A spokeswoman was not able to comment by press time.