Tony Togher
Head of Short Term Investments & Global Credit

As Head of Short Term Investments & Global Credit, Tony has responsibility for governance, team management, product development, client servicing and business development and counterparty liaison. Tony has over 30 years' experience. Tony joined the company in 2002 in his current role, which came about as a result of the merger between the company and Commonwealth Investment Management, where Tony had established the Cash business in April 1988. Prior to this, Tony was employed at the Commonwealth Bank of Australia, in the Global Markets Treasury Division, in a variety of portfolio trading roles. In 2003, Tony became a Trustee Director of the Commonwealth Bank Group Superannuation Fund, a Fund whose current assets exceed $7.0 billion. Tony is the current Fund, Investment Committee Chairman. In 2012, Tony was appointed to the Market Governance Committee of the Australian Financial Markets Association (AFMA), reporting to the AFMA Board. 

Ky Van Tang
Co-Lead, Credit Research

Ky Van is Co-Lead of Credit Research focused on oversight of the credit research function and the further harmonisation of methods across both the rating and relative value elements of credit analysis worldwide. She joined the company in January 2017 and retains active coverage responsibilities, primarily in the investment grade Industrials and Energy sectors. Prior to joining the company, Ky Van was a Senior Credit Analyst at QIC and spent more than eight years in London as an analyst and manager of high yield credits for Aberdeen Asset Management and Canaccord. Ky Van holds a double degree in Bachelor of Science (Adv)/Bachelor of Commerce and is a CFA charterholder.

Craig Morabito
Senior Portfolio Manager

As Portfolio Manager, Craig is responsible for the management of global credit portfolios including asset selection, relative value analysis and portfolio construction. Craig has over 12 years’ experience. Craig joined the Credit Team as a Credit Analyst in June 2005. From July 2010 he was the portfolio manager for a number of passive, active and ALM Australian fixed income portfolios. Craig commenced responsibility for the suite of Global Credit products in 2014. Craig is a CFA charterholder. He holds a Master of Applied Finance from Macquarie University, a Diploma of Financial Planning and a Diploma of Financial Markets from FINSIA. Craig is PS146 compliant, and a member of the CFA Society of Sydney.

Ben Samuel
Portfolio Manager

As Portfolio Manager, Ben is responsible for the management of global credit portfolios including asset selection, relative value analysis and portfolio construction, with a particular focus on interest-rate and foreign currency risk management. Ben joined the company’s Global Fixed Interest team in 2015, where he was responsible for the day-to-day management of a range of global sovereign and Australian diversified funds. In 2016, Ben transitioned to the Short Term Investments and Global Credit team, with a sole focus on the Global Credit suite of products. Prior to this, Ben spent five years with Queensland Treasury Corporation, working in various analytical roles across the Risk and Markets businesses. Ben holds a Bachelor of Business and Master of Business (App. Fin.) from the Queensland University of Technology.

Adrian Au
Senior Manager / Credit Analyst

As Senior Manager Credit Analyst, Adrian is responsible for in-house credit risk evaluation with a focus on Asian corporate and global telecommunication corporates, in particular high yield credit. Adrian has over 24 years' experience. Prior to this, Adrian worked as a Senior Credit Analyst for more than ten years in the Global Financial Risk Management Division of Barclays Capital in Hong Kong. Adrian holds a Bachelor of Arts with Honours in Accounting from Thames Valley University in London. He has also completed postgraduate studies in Risk Management at the Hong Kong University.

Alan Ng
Senior Credit Analyst

As Senior Credit Analyst, Alan is responsible for credit research and analysis of global (ex-Asia) financial institutions. Alan has over 18 years’ experience. Prior to this, Alan was a Relationship Manager within the investment banking unit of BNP Paribas. Alan has a Bachelors of Commerce Actuarial and is a CFA charterholder.

Mike Arnold
Co-Lead, Credit Research

Mike is Co-Lead of Credit Research focused on oversight of the credit research function and the further harmonisation of methods across both the rating and relative value elements of credit analysis worldwide. He joined the company in May 2014 and retains active coverage responsibilities, primarily in the investment grade Financials, Healthcare, and Consumer sectors. Prior to joining the company, Mike worked at Invesco, most recently as a Senior Credit Analyst, Investment Grade Credit. Mike served on active duty in the United States Army’s 1st Cavalry Division as a Combat Engineer Officer. He is a 1997 graduate of The United States Military Academy in West Point, NY and has a Master of Business Administration degree from Bellarmine University. 

Patricia Gacis
Credit Analyst

As Credit Analyst, Patricia is responsible for credit analysis, focusing on the Consumer Discretionary and Non-Discretionary, Airports, Manufacturing, Oil & Gas and Pharmaceuticals sectors. Patricia has over 13 years’ experience. Prior to this, Patricia was an Assistant Portfolio Manager in the Fixed Income team at QBE Group. Patricia holds bachelor degrees in Commerce, Actuarial Studies, Science and Computer Science from Macquarie University, and is AFMA accredited. 

Adrian Chow
Credit Analyst

As Credit Analyst, Adrian is responsible for credit analysis, focusing on the real estate and banking sectors globally. Adrian has 10 years’ experience. Prior to this, Adrian worked as a Ratings Analyst at Standard & Poor’s. Adrian holds a Bachelor of Commerce (Hons) from the University of Melbourne.

Andrew Woerner
Credit Analyst

As Credit Analyst, Andrew is responsible for credit research focusing on the US Transport, Mining Services, Aerospace & Defense and Brewers sectors. Adrian has over 8 years’ experience. Prior to this, Andrew worked in the corporate credit research team at Invesco Fixed Income. Andrew holds a Bachelor of Science in Finance from the University of Louisville. 

Rhys Foulkes
Credit Analyst

As Credit Analyst, Rhys is responsible for credit analysis, focusing on European Industrials. Rhys has over 10 years’ experience. Prior to this, Rhys worked as a credit analyst at ECM. Rhys hold a degree in Economics from Bath University and is a CFA charterholder.