Last updated: 20:03 / Wednesday, 14 December 2016
Alexander Lechner

Erste AM Appoints Head of Multi Asset Management

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Erste AM Appoints Head of Multi Asset Management

Erste Asset Management (Erste AM) has reorganised the Multi Asset Management department. Discretionary Portfolio Management was set up as self-contained department at the beginning of December. Mixed fund solutions for retail and institutional investors remain with Multi Asset Management. This step was decided on within the context of appointing a Head of Multi Asset Management.

Alexander Lechner, previously fund manager with Erste AM, will take over as Head of Multi Asset Management. In his new position, he will focus on umbrella fund strategies in the retail and institutional segment, and he will develop the investment processes in cooperation with Gerold Permoser. Senior fund manager Jürgen Wurzer will also join the Erste AM team, having previously worked for Macquarie Investment Management.

Thomas Bobek has been Head of Discretionary Portfolio Management (DPM) since the beginning of December. He had previously held a managerial position in asset management with Credit Suisse in Vienna, and knows ERSTE-SPARINVEST very well from his former function as Head of Equity with the institute (2003-2011). He will be in charge of the entire range of DPM solutions across borders, and he will ensure the implementation of the investment processes in all markets.

Gerold Permoser, Chief Investment Officer (CIO) of Erste AM: “By reorganising Multi Asset Management and Discretionary Portfolio Management and appointing Alexander Lechner and Thomas Bobek as department heads, we are well-positioned for the future and can develop our range of products and services in a consistent fashion.”

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