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David Macri joins Mason Stevens as Head of Asset Allocation

10 Oct 2023
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David Macri

Specialist wealth platform provider, Mason Stevens, has announced it has appointed David Macri, as Head of Asset Allocation.

Mr Macri joins the firm after 14 years, at ASX-listed ethical investment management company, Australian Ethical Investment. He has over 25 years’ experience in investment management & superannuation, with proven capability in strategic planning, multi-asset portfolio management and executive leadership.

Mr Macri will report to Chief Investment Officer (CIO), Jacqueline Fernley, to continue to evolve the Mason Stevens Outsourced CIO offering. As Head of Asset Allocation, David will be primarily responsible for the strategic and dynamic asset allocation solutions for Mason Stevens’ platform clients running managed portfolios.

Ms Fernley said: “David has an enviable track record of investment performance and a broad experience across multi-asset portfolio management and investment strategy. David is highly credentialed in Responsible Investment, which combined with his investment experience and reputation, make him a valuable addition to the team.

“He will play an important role in helping advisers evaluate and implement strategic portfolios that aim to enhance investor outcomes. We look forward to welcoming David to the team.”

Commenting on his appointment, Mr Macri said: “I am excited to be joining Mason Stevens during such a key period of growth. There is strong personal alignment given Mason Stevens’ focus on meeting the needs of each client, I am confident that together with the very talented team, we will achieve great client outcomes.”

Mr Macri is a CFA Charterholder, holds a Graduate Diploma in Applied Finance & Investment from FINSIA and a BSc (Advanced Mathematics) from Macquarie University. He is currently the Chair of MarketMeter’s Advisory Board and is an Advisory Board member of Australian Estate Management. He has held previous executive roles at Macquarie Securities, Credit Suisse Asset Management, Mellon and Mercer.

The appointment follows the recent hire of Chief Financial Officer Laurent Toussaint as Mason Stevens bolsters its executive and leadership teams.

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