The hires follow Stephen Hayes rejoining the asset manager as head of property securities in September. He was originally with First State from 1999 to 2006, when he left to join Perennial Real Estate Investments.
Two of the new appointments worked alongside Hayes at First State and left in 2006 to join him at Perennial.
Tuan Pham, who was most recently head of Asia at Perennial, will return to First State as a senior portfolio manager on 14 Nov, 2012. Based in Sydney, she will specialise in Asian property securities.
Joseph Daguio will rejoin the asset manager on 12 Nov, 2012 as investment analyst for the Asia-Pacific region and will be based in Sydney. He worked alongside Hayes and Pham at First State and Perennial.
David Dixon, chief investment officer at First State, said: “Tuan and Joseph have both worked with Stephen for several years and left First State in 2006 to join Perennial Real Estate Investments and we are excited to welcome them both back to First State.”
Daniela Lungu and Boudewijn van Loen have been hired as senior portfolio managers in Europe. Lungu joins from CBRE Investors, where she was a portfolio manager for UK and European securities, while Van Loen was most recently at Perennial with Hayes and Pham, where he was head of Europe/UK.
As a result of the changes, five members of First State’s listed property securities team have left, or will leave, the asset manager.
Senior portfolio manager Antoinette Plater and portfolio manager Marco van Bussel, as well as investment analysts Matthew Gulczynski and Miranda Moran, have already left the company. Investment analyst John Stavliotis will depart next month.
Dixon added: “I would like to thank all of these people for their contribution to our Global Property Securities business and wish them well for the future.”
