Mason Stevens appoints Head of Asset Allocation


Mason Stevens has been hired by State Super to serve as Head of Asset Allocation.

Paul Spence will be responsible for developing bespoke strategic and tactical asset allocation solutions for platform clients managing managed portfolios. He will report to Mason Stevens’ chief investment officer, Jacqueline Fernley.

He joins Mason Stevens from State Super where he was a senior analyst. Previously, Spence also held various positions at AMP, Sustainable Insight Capital Management, Deutsche Asset Management, Zurich-Scudder Investments and Barra International.

On Spence’s appointment, Fernley said, “Paul comes to us with over 30 years of market experience with a strong background in portfolio construction and quantitative analysis.”

“He will be instrumental in helping advisors and managers evaluate and implement disciplined portfolios that aim to improve investor outcomes.”

Fernley continued: “As their businesses grow, our advisors increasingly ask us for help with their investment decisions, whether it’s asset allocation, advice on ‘strategic execution or representation on an investment committee.’

“We have the specialist resources like live trading execution and in-house experts, to support this.

“This gives advisors the flexibility to focus on their conversations with clients instead.”

Spence’s appointment follows another hire for the firm, Ian Weir recently joined the investment team as a principal broker.


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