M&G Investments has hired Tristan Hanson from rival group Ashburton Investments to develop an absolute return proposition within its multi-asset unit.
Hanson was formerly head of asset allocation at the South Africa-based company and was named as manager across several funds.
In his new position, Hanson, who formally joins on March 21, will be charged with developing the team’s absolute return proposition. He will report to Citywire A-rated David Fishwick, who is head of multi-asset.
Hanson brings with him 15 years of investment experience, which includes his previous stint at Ashburton as well as time as a strategist at JP Morgan Cazenove covering equities, fixed income and currencies.
Commenting on the hire, Graham Mason, chief investment officer at M&G Investments, said: ‘Tristan has extensive experience across multi-asset strategies and will play a key role in broadening our capabilities around absolute return products. This will strengthen our multi-asset team and meet increasing demand from our clients.’
It was not revealed whether Hanson will work on any other portfolios beyond developing an absolute return proposition.