Sydney, 12 December 2018 – UBS Asset Management Australia is delighted to announce partnerships with CBRE Clarion and Yarra Capital Management to offer its clients increased access to proven and sustainable investment expertise.

UBS Asset Management will extend its current partnership with CBRE Clarion to include management of its UBS branded listed AREITS fund. Justin Pica will lead the Sydney-based portfolio management team.

CBRE Clarion is one of the world's leading real asset managers and has been managing portfolios for UBS Asset Management Australia clients since 2005 through its global property and listed infrastructure funds.

“We are delighted to be working even more closely with the first-class distribution and marketing teams of UBS Asset Management, commented Joe Smith, President and Co-CIO of CBRE Clarion. "The appointment of our team is a recognition of the strength of our Australian REIT strategy and the long-term value it has generated for our clients in Australia.“

UBS Asset Management will also partner with Yarra Capital Management to manage all UBS branded Australian equity funds. Led by Dion Hershan, Yarra Capital Management is a leading independent, active Australian fund manager. The firm manages Australian large, mid and small cap portfolios on behalf of institutional and retail clients.

Mark Burgess, Chairman of Yarra Capital Management, commented, “We are very pleased to be partnering with UBS Asset Management. The organisation has an outstanding reputation, and we look forward to working with their Australian equity clients to help them achieve their long-term investment objectives.”

Bryce Doherty, Head of UBS Asset Management, Australia and New Zealand added, "These partnerships give our Australian clients more choice when it comes to best in class solutions. In recent years UBS Asset Management Australia has expanded its funds platform by offering global equities, global listed infrastructure and emerging markets to Australian clients. The depth and breadth of our local fund range has been a strategic focus for a long time which will continue."

"Our clients understand that our investment expertise comes from all over the world so irrespective of whether it is Anne Anderson's fixed income team managing your portfolio from our Sydney office or Geoff Wong's emerging markets team out of Singapore, you should expect a best in class relationship. We look forward to the added expertise that the CBRE Clarion and Yarra Capital Management teams bring to our UBS branded fund range."

Media Contact

Caroline Gurney

T: +61 403 279 605

Jen Warat

T: +61 411 383 996

About UBS

UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS' strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook.

Headquartered in Zurich, Switzerland, UBS has offices in 52 countries, including all major financial centers, and employs approximately 60,000 people. UBS Group AG is the holding company of the UBS Group. Under Swiss company law, UBS Group AG is organized as an Aktiengesellschaft, a corporation that has issued shares of common stock to investors. 

About CBRE Clarion Securities

CBRE Clarion Securities, LLC is an investment advisory firm specialising in global listed property and global listed infrastructure securities. Headquartered in suburban Philadelphia, Pennsylvania (USA) the firm employs over 85 professionals including an investment team of 40 located in offices in the United States, the United Kingdom, Hong Kong, Japan and Australia.

CBRE Clarion is part of CBRE Group, Inc. and is the listed equity management subsidiary of the firm’s global investment management division, CBRE Global Investors.

About Yarra Capital Management

Yarra Capital Management is a leading independent active Australian fund manager. The firm’s offering includes its fundamental Australian equities product set, consisting primarily of long-only, concentrated strategies, and fixed income capabilities which provide clients with access to multi-asset, multi-sector and hybrid products. The firm serves the Australian institutional and retail markets, and its Australian investment products are accessed from various international markets, including Japan and New Zealand.

UBS Funds now managed in partnership with Yarra Capital Management:

  • UBS Australian Share Fund
  • UBS HALO Australian Share Fund
  • UBS Australian Small Companies Fund
  • UBS Australian Small Companies SIV Fund
  • UBS Microcap Fund

UBS Funds now managed in partnership with CBRE Clarion:

  • UBS Property Securities Fund
  • UBS Clarion Global Property Securities Fund
  • UBS Clarion Global Listed Infrastructure Securities Fund