James Wylie joined Intech Investments Aug. 5 as a senior managing director, business development.
It is a new position at the West Palm Beach, Fla.-based quantitative boutique.
Wylie, with more than 30 years' experience serving institutional clients, will report to John Brown, executive vice president and head of global client development.
Prior to Intech, Wylie served as chief marketing officer of Spouting Rock Asset Management, overseeing the Bryn Mawr, Pa.-based multiboutique money management firm’s global institutional, consultant relations and client relationship teams, according to an Intech spokesman.
A spokesman for Spouting Rock couldn’t immediately be reached for comment.
Wylie comes to Intech amid signs of a turnaround following a management buyout just over two years ago — a transition period that saw the firm’s assets under management tumble by 75% to just over $8 billion.
In March, CEO Jose Marques told Pensions & Investments the firm had restructured its operations since the buyout to address the headwinds Intech’s stochastic portfolio theory models faced due to growing market concentration in recent years.
For the quarter ended June 30, Intech said net inflows of more than $2 billion lifted its AUM to $11.4 billion, the firm's strongest showing since the first quarter of 2007.
