Michael Bargholz was named CEO of BTIM (Australia), the Sydney-based asset management arm of BT Investment Management.
The position is a new one, a BT Investment Management spokesman said.
Mr. Bargholz, who takes on the CEO role in October, had been managing director Australia for Fidelity International. A Hong Kong-based spokesman for Fidelity confirmed Mr. Bargholz’s decision to leave, but didn’t provide details as to his departure date.
The Fidelity spokesman said Mark Talbot, Hong Kong-based managing director of Fidelity’s Asia-Pacific business, will oversee the Australian business on an interim basis.
As of June 30, BTIM (Australia) reported assets under management of A$41.2 billion ($30.7 billion), while BT Investment Management’s non-Australian money management business, conducted under the J O Hambro Capital Management name, reported A$38.5 billion in AUM.