Money Management

BT Investment Management taps LeapFrog impact investment partner as firm’s next CEO

Richard Brandweiner was named CEO at Sydney-based BT Investment Management, effective Feb. 26.

Mr. Brandweiner will replace Michael Bargholz, who said in a news release he will retire effective July 30 "from full-time executive work" after 30 years in Australia's investment management industry.

A BTIM spokeswoman said Mr. Bargholz will stay on for five months after Mr. Brandweiner takes on the CEO role to ensure a smooth transition.

Mr. Brandweiner comes to BTIM from London-based impact investment private equity firm LeapFrog Investments, where he served as a partner over the past year.

Prior to taking on that role, he served as chief investment officer of Sydney-based First State Super, a firm with more than A$50 billion ($40 billion) in superannuation assets and more than A$20 billion in other retirement assets.

A LeapFrog spokesman couldn't immediately be reached for further comment.

BTIM had A$98.1 billion in funds under management as of Dec. 31.