The rise of ESG and the breakdown of the traditional portfolio allocation have been contributed to a clear change in portfolio construction. Speaking at a media briefing in Sydney on Thursday, Heurist
Hennessy said they were looking forward to working with the Zenith team on expanding their offering and its availability to varying clients.
Wright said they had known Hennessy for some time and recognised his unique skills and those of the team in developing and executing on strategic and tactical asset allocation strategies.
“They’ll be an excellent complement to the current suite of services offered to our broadening client base,” Wright said.
He also stressed that since Zenith’s acquisition of Chant West in mid-2020, the business had continued to explore opportunities to expand their service offering for clients, across the wealth management and superannuation markets.