NEW YORK and SYDNEY, July 21, 2014 - United States-based investment firm Voya Investment Management (IM) announced today it has partnered with local marketing and advisory firm Breakwater Advisory to offer its asset management services to Australian institutional investors.
Voya IM, formerly known as ING U.S. Investment Management, has been investing in private placements of Australian corporates for more than 15 years in addition to making private equity investments. Voya IM will now expand its services in Australia to include providing asset management services to institutional investors across an array of asset classes, including multiple fixed income segments of the market, as well as equity and multi-asset strategies and solutions.
ING U.S. Investment Management became Voya Investment Management on May 1, 2014, following the rebranding of its parent company, ING U.S., Inc., to Voya Financial, Inc. (NYSE: VOYA), on April 7, 2014. The name change follows Voya Financial's separation from ING Group and initial public offering in May 2013. As of March 31, 2014, Voya IM has more than $200 billion in assets under management, with $127 billion managed for external institutions.
Breakwater Advisory is a specialist third-party marketing and advisory firm established earlier this year by Andreas Faeste, who has more than 20 years of Australian institutional investment experience. Breakwater Advisory is the formalisation of a consulting practice which over the years has worked with some of Australia's leading investors, and Mr. Faeste's corporate career has encompassed senior management roles with firms such as Lend Lease/MLC, Westpac Investment Management, IAG and ING Investment Management Australia, where he was Head of Institutional Business.
Commenting on Voya IM's appointment of Breakwater Advisory as its Australian representative, Bas NieuweWeme, Voya IM's Managing Director, Head of Institutional Distribution said, "Voya IM long ago identified Australia as an attractive and fast-growing market, and we are excited to be able to offer our services to Australian institutional investors. We believe that our unique expertise in several asset classes, including senior loans, mortgage derivatives, commercial real estate and private and public debt investments, can help Australian investors meet their goals. Having previously worked closely with Andreas, we are very confident that he is the right person to convey the strength of our firm - being a reliable partner committed to reliable investing."
Voya IM's capabilities cover a broad array of asset classes, including fixed income, senior loans, equity and multi-asset strategies and solutions. Voya IM's senior loans team is one of the longest-established in the market, with an enviable track record built in part by avoiding significant defaults.
"Voya IM is distinguished by its stable investment team, competitive investment performance and its partnership approach to business. As a significant co-investor in many of its strategies, Voya is committed to reliability, transparency and performance - values that we at Breakwater Advisory share," said Andreas Faeste.
About Voya Investment Management
A leading active asset management firm, Voya Investment Management manages, as of March 31, 2014, approximately $207 billion for affiliated and external institutions as well as individual investors. With 40 years of history in asset management, Voya Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset strategies and solutions. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.
About Breakwater Advisory Pty Limited
Breakwater Advisory was established in 2014, and is the formalisation of distribution-based consulting practice Faeste Consulting, first established in 2003. Applying over 23 years of industry experience including in manager search and selection, Breakwater Advisory provides advisory and fund placement services to a select number of leading asset management firms seeking representation in the Australian and New Zealand capital market. Past and present clients in its current and former format, include Voya Investment Management Co. LLC, Eminence Capital Management, Eminence Property Funds Management, Perennial Investment Partners, Eight Investment Partners and Deutsche Asset Management (Australia) Limited.
Breakwater Advisory Pty Limited
Level 11, 2 Bulletin Place
Sydney NSW 2000 Australia
Tel. +61 419 285 501