… and Nunan departs Media for Legg Mason

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Legg Mason has boosted its Australian institutional sales team with the appointment of Justin Nunan as institutional sales director. Nunan has left Media Super, where he took the fund’s balanced option from below average performance to top quartile in the past two years.

Prior to that role he was at ME Bank as the head of treasury sales, a firm he joined in 2006. Media Super has already appointed Norman Zhang from Frontier Advisors to the new position of general manager, investments, who came on board before Nunan left the fund.

Andy Sowerby, Legg Mason managing director, said: “We are delighted to have Justin join our team. We are very impressed with his strong investment credentials and the extensive experience he brings to the table – a unique mix of sales, investment management and a thorough understanding of complex financial issues.

“Importantly, Justin has a deep understanding of the dynamics of the Australian superannuation sector and the challenges faced to meet the evolving investment needs of their members. This knowledge will only help us become better investment partners to our clients and we are excited to welcome Justin to the team.”

Nunan said: “I believe that we are entering a new investment era. The challenges of the future are very different to what has gone before and therefore require a broader set of capabilities to help capture the full range of opportunities. With this I mind, I see Legg Mason as offering something particularly unique with proven capabilities across all major asset classes including through leading managers such as Clarion Partners, Brandywine Global, Entrust Permal and QS Investors.”

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