Former PM Capital Founder to head BTIM's new global equities boutique

BT Investment Management (BTIM) has announced the establishment of an Australian-based global equities boutique with the appointment of Ashley Pittard to lead the boutique and launch a new global equities fund.

Pittard, who will be responsible for building an investment team to to assist him with the fund, will join BTIM in May 2016. Pittard was formerly at PM Capital where he was a founding shareholder and company director. He spent 17 years at the firm and was responsible for managing global equities strategies with funds under management of approximately $1.5 billion.

In a statement to the ASX, BTIM's CEO Emilio Gonzalez said: "Australian investors are increasingly realising the importance of diversifying their portfolios with offshore equities exposure. The appointment of Ashley and the establishment of an Australian based Global Equities boutique will further improve our capability to meet this demand."

Ashley Pittard said: "I am very excited to be joining BTIM as I started my fund management career there in the late 1990s. BTIM is a highly regarded and successful investment management firm that offers investment autonomy and a strong brand with global distribution. I am pleased to be able to build on BTIM Group's existing strong capabilities by providing a product that will support a new growth area for the business."