Investec appoints Sumesh Chetty to grow absolute return team

Investec Asset Management has bolstered its absolute return team with the appointment of Sumesh Chetty as portfolio manager. Chetty will work with Clyde Rossouw on Investec Asset Managements absolute return propositions, which include the award-winning Investec Opportunity Fund.

Commenting on his appointment, John Green, MD of Investec Asset Management SA, said: "We are delighted to welcome Sumesh to our team. We currently manage approximately R18bn in portfolios with an absolute return focus and it is an increasingly important and growing area of our business. With Sumeshs depth of knowledge and experience in managing absolute return portfolios, we have no doubt that he will be a major asset to our investment team."

Chetty joins Investec from Metropolitan Asset Managers (METAM), where he successfully managed the Metropolitan Absolute return Fund from 2005. During this time, he was also jointly responsible for all derivative strategies. Before joining METAM, Chetty spent three years as senior manager and investment actuary at Metropolitan Employee Benefits, where he was responsible for investment product development and pricing, as well as the management of smooth bonus funds. Chetty began his career at Swiss Re Life & Health, where he spent three and a half years as an actuarial specialist.

Commenting on his appointment, Chetty said: "Ive always regarded Investec Asset Management as a dynamic, ambitious, and extremely talented organisation. When the opportunity to work for the company arose, I couldn't say no. Im very excited to be a part of such a great team, and look forward to protecting and growing wealth for our clients."

Chetty holds a B Business Science (Honours) degree in Actuarial Science and a Post Graduate Diploma in Actuarial Science, both from the University of Cape Town, and is a Fellow of the Institute of Actuaries (UK).