14 December 2016 By Hope William-Smith
IOOF has appointed former Western Asset Management employee, Osvaldo Acosta, to its newly created role of portfolio manager of fixed interest.
Acosta has worked across portfolios including core fixed interest and global mandates, and previously held positions at Australian Unity and with Westfield Group. Acosta would be based in the Melbourne IOOF office.
IOOF chief investment officer, Steve Merlicek, said: "Osvaldo will be a great addition in this space with significant experience in both cash and fixed interest".
"The appointment reflects IOOF's increased funds under management in this area and the need to split the management of cash and fixed income portfolios."