Head of UBS Global Asset Management (GAM) Australasia, Ben Heap, has stepped down from his position and will be replaced by Bryce Doherty as the company makes a number of other changes to its executive team.
Heap will leave the company after three years spent at the helm, leading the integration of the ING Investment Management business acquired in 2011.
Doherty, who has been appointed new head of UBS GAM Australasia, was most recently head of wholesale for the region.
In other appointments, head of institutional sales Anne Flockart will join the UBS GAM Australia Board while Alistair Dunne succeeds Bryce as head of wholesale.
"We continue to see strong growth opportunities in Australia," said Kai Sotorp, head of Asia Pacific for UBS GAM.
"Bryce and Anne's knowledge of the investment management industry, combined with their strong wholesale and institutional client relationships, will enable us to build on our momentum and expand our capabilities in this key market."
The $340 billion fund has welcomed three senior investment executives to its London office as it continues to internalise the management of international equities, its single largest asset allocation.
The fund has hired a former ART executive as its new head of group strategy.
The sovereign wealth fund has revealed six internal hires to support the execution of key strategies.
The fund has announced the departure of a second senior executive in as many months, with its chief member officer to finish up mid-December.