Ince pinch hits at Credit Suisse

Keith Ince, the founder of Portfolio Partners, becomes acting head of Credit Suisse Asset Management in Australia.
Keith Ince has been appointed executive vice chairman and acting head of asset management for Credit Suisse in Australia while the firm looks for a new person to head the division.

Ince will manage the business over the next six months while current chief executive Andrew McKinnon makes his exit and the Swiss firm finds a permanent replacement.

Following this period, Ince will stay on as executive vice chairman and as a director on the board of Credit Suisse Asset Management in Australia.

Ince is a well-known figure in local fund management circles and has weathered his fair share of transitions. He established Portfolio Partners in 1994 and remained joint chief executive after the acquisition by Norwich Union until 2001. He was also a director at County NatWest (now Invesco) and Wardley (now HSBC Asset Management).

In 2003 he was appointed a director of Ronin Property Group until it was bought my Multiplex in November 2004.

Currently he is a director of Everest Capital and Everest Babcock & Brown Alternative Investment Management.

Ince will be based in Sydney and report to Larry Haber, chief operating officer for the asset management business.
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