Press Release

Macquarie Investment Management appoints Gyula Tóth as Senior Investment Manager to Global Multi Asset team

Vienna, 02 March 2017

Macquarie Investment Management has appointed Gyula Tóth as Senior Investment Manager in its Global Multi Asset team. Gyula will be based in Vienna and report to Stefan Löwenthal, Chief Investment Officer of Macquarie’s Global Multi-Asset team.

Mr Tóth 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. He was previously Managing Director at Ithuba Capital running its global macro fund, and spent seven years at UniCredit, most recently as Head of Group EMEA FI/FX Strategy in London and Vienna. Earlier in his career he worked at the National Bank of Hungary and the European Central Bank in Frankfurt.

Mr Tóth will be responsible for supporting the multi asset capability with his expertise in emerging markets and FX, including contributing investment views to the Global Multi Asset Absolute Return strategy and managing institutional multi-asset portfolios. He will also support Macquarie’s growing EMEA distribution activities.

Stefan Löwenthal, Chief Investment Officer of Macquarie’s Global Multi Asset team, commented: “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.”

Macquarie has managed multi asset strategies since 1998. The experienced Global Multi Asset team runs a Global Multi Asset Absolute Return strategy focusing on long term, stable returns using a targeted risk approach and is available in Austria, Germany and more recently the UK. Asset allocation is actively managed based on assessment of market conditions and using a pairwise methodology that allows the team to focus on the expected direction, rather than the degree, of returns of different asset classes.

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