Macquarie IM adds EM expert to global multi-asset team

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Macquarie Investment Management has appointed Gyula Tóth as a senior investment manager in its global multi-asset team.

Tóth will be based in Vienna and report to Stefan Löwenthal, chief investment officer of the group’s global multi-asset team.

He joins from Munich Re & Ergo Asset Management (MEAG) where he was an emerging markets fixed income portfolio manager and part of the strategy asset allocation committee.

Bringing his expertise in emerging markets and foreign exchange to the multi-asset team, he will contribute to the global multi-asset absolute return strategy and manage institutional multi-asset portfolios.

He will also support Macquarie’s growing EMEA distribution activities.

Prior to MEAG, he was managing director at Ithuba Capital where he ran its global macro fund, and spent seven years at UniCredit, latterly as head of group EMEA FI/FX strategy working in London and Vienna.

Löwenthal says: “We are extremely pleased to welcome Gyula to the team. Understanding the major drivers and dynamics within markets is central to our multi-asset strategy, and Gyula brings valuable experience from managing emerging markets portfolios. His insight will help us to continue to add value for our clients, by taking active and timely asset allocation decisions.”