Sasfin Asset Managers announced on Wednesday that Arno Lawrenz (pictured) had joined the firm as chief investment officer. His appointment was effective immediately.
Lawrenz will replace Philip Bradford, who has been CIO at the firm since June 2014. Bradford will be leaving Sasfin at the end of the year to join PortfolioMetrix as head of investments in South Africa. He will hand over to Lawrenz during a transition period that runs until 31 December.
Up until August this year, Lawrenz was global investment strategist at Ashburton Investments, where he was also previously head of fixed income.
His long history of running fixed income products in South Africa dates back to the 1990s. He worked at both Southern Asset Management and Sanlam Investment Management before joining Coronation as head of fixed interest in 2000.
There he launched the Coronation Strategic Income fund, which was the first flexible income fund in South Africa. He later moved to the Old Mutual Investment Group as head of fixed income, before founding Atlantic Asset Management in 2007.
That business was sold to Ashburton in 2015.
‘Since the beginning of our talks, I have been most impressed by the authenticity of the team and the client-centric approach to investment management at Sasfin,’ Lawrenz said in a statement. ‘I am delighted to be a part of a team that is so driven by purpose and values which can be seen right from the very top under the leadership of Michael Sassoon. One thing that strikes me is the authenticity of those that I have been speaking to. There’s a real unity and can-do attitude.’