Macquarie IM replaces head of Asia distribution

Macquarie Investment Management (MIM) has appointed Axel Maier from Wellington Management as its new head of Asian distribution. Based in Hong Kong, he started at the $220 billion manager – part of Macquarie’s funds group –as a managing director last week. He leads a team of seven to distribute the firm’s capabilities in the region, with MIM’s global head Ben Bruck confirming it wants to shift distribution focus to institutional investors in Asia. Just under half of MIM’s asse…