London, 14 March 2012
Macquarie Group Limited today announces the appointment of Arun Assumall as global head of its new Commodity Investor Products business within the Fixed Income, Currencies and Commodities Group (FICC), based in London.
Arun will join Macquarie in June 2012 after 11 years with Goldman Sachs where he was global head of the Commodity Investor Sales team, responsible for structuring and marketing commodity-linked products to both institutional investors and private clients.
Arun will lead the newly formed Commodity Investor Products business, which will offer bespoke beta and absolute return commodity index products to institutional clients as well as expand Macquarie’s existing franchise and trading capabilities into this client segment. The business is a natural extension of Macquarie’s existing commodity sales and trading platform and compliments Macquarie’s wider investment management strengths.
Sebastian Barrack, Senior Managing Director of FICC, said: “I am delighted to welcome Arun to Macquarie. Arun, who is highly respected within this field, will drive the growth of the new Commodity Investor Products business and we look forward to benefiting from his extensive experience and market knowledge.
“Macquarie is well placed to develop a strong offering in this market by leveraging the scale and strength of its existing commodities platform covering physical, financial, research and sales and trading. We see this as a significant opportunity to gain market share in an area where there is an increasing investor demand for alternative assets.”
Chief Executive Officer of Macquarie in Europe, Middle East and Africa, David Fass, said: “The Commodity Investor Products business will be an important addition to Macquarie’s EMEA platform. Macquarie’s reputation and strength across commodities markets provides a great foundation to successfully build a bespoke offering to clients in commodity products.”