Sangeeth Sewnath was named managing director for the Americas at Ninety One Asset Management, with departing Americas CEO Philip Anker to leave the firm “to pursue new opportunities.”
The role is based in New York, effective Sept. 3. He takes on Anker’s responsibilities and oversees all institutional and adviser client engagement as Ninety One looks to expands its investment, client group and operational business in the Americas, a news release said.
Anker will spend the next three months transitioning from his leadership role and will then leave the firm to pursue new opportunities. Details on his next move were not available. Anker joined Ninety One in 2018, having previously been managing director of Blackstone, and global head of distribution at Insight Investment.
Sewnath was deputy managing director of Ninety One's Africa client group, based in Cape Town. He joined the firm in 2000, and will be moving to New York for the new position.
Following Sewnath’s appointment, Siobhan Simpson was promoted to head of unit trusts for the Africa client group. David Stronach will continue to be head of the investment platform for Africa clients. Both Simpson and Stronach will now report into Thabo Khojane, managing director for the Africa client group.
“Sangeeth’s track record positions him well to lead our efforts in the Americas," Hendrik du Toit, founder and chief executive of Ninety One, said in the news release. "He embodies a solutions-oriented approach and is fastidious about client service. We are confident Sangeeth will continue to develop deeper relationships with our clients. At the same time, our gratitude goes to Philip for his leadership and service to our firm.”
Before his client-facing roles, Sewnath was Ninety One’s global head of product development, working with the investment and sales teams to develop the investment capabilities offered to investors.
Ninety One managed £128.6 billion ($162.6 billion) in assets worldwide as of June 30th.
