Financial advisory firm, Lazard Asset Management Pacific, has announced an addition to its Australian business.

Lazard said on its website that Paul Cuddy has joined the firm with immediate effect as Managing Director, Head of Sales.

Prior to joining Lazard Asset Management in Australia, Cuddy’s most recent role was as Co-founder, Chief Executive Officer of Bennelong Australian Equity Partners, where he developed and built portfolio strategies for a broad range of institutional, retail and wholesale clients, growing the assets under management to over AUS $5billion.

Previously, he was Director and Co-head of Australian Equities at ING Investment Management and also held portfolio management and analyst positions at NRMA Asset Management and Westpac Investment Management.

«With over 25 years’ investment industry and sales experience, Paul brings outstanding investment, relationship and product development credentials to the firm,» said Robert Prugue, Chief Executive Officer of Lazard Asset Management Pacific.

As of December 31, 2016, Lazard Asset Management and affiliated asset management companies in the Lazard Group managed $198 billion worth of client assets.