Yarra Capital Management today announced the appointment of Tim Toohey as Head of Macro and Strategy. Tim joins from Ellerston Capital, where he was Chief Economist of the Ellerston Global Macro team.
Tim previously spent 15 years as Chief Economist and Head of Macro Strategy Australia and New Zealand at Goldman Sachs, during which time he was named Australia’s number one economist in the Greenwich survey for 13 consecutive years from 2003-2016.
At Yarra Capital Management, Tim will work closely with the Fixed Income and Equities teams, advising on both the outlook for financial markets and asset allocation.
Dion Hershan, Managing Director of Yarra Capital Management, commented:
“We’re delighted that Tim is joining Yarra Capital Management. Beyond being one of Australia’s most highly regarded economists, he is well known to us and someone we held in very high regard while working alongside him for more than a decade at Goldman Sachs.
“As the firm’s Head of Macro and Strategy, Tim will add significant depth to the Firm’s research efforts. His appointment reflects the strong momentum in the business, and we look forward to introducing him to clients in due course.”
Tim Toohey, Yarra Capital Management’s incoming Head of Macro and Strategy, added:
“As an economist by trade, it’s always exciting to work with smart and passionate people who are leaders in their field. I believe Yarra’s approach to integrating credit and equity research has distinct advantages, by adding a macro lens it can be further strengthened. I always enjoyed working alongside Dion, Katie, Roy and the broader investment team. They’ve always brought a differentiated perspective, and I look forward to reconnecting with Yarra’s team and clients in due course.”.
Biography – Tim Toohey
With more than 25 years’ industry experience, Tim Toohey is one of Australia’s most highly regarded economists.
Tim began his career as an Economist with the National Institute of Economic and Industry Research, before moving to ANZ Banking Group where he spent two years working as a Macroeconomist.
He joined JBWere in 2002 (prior to its merger with Goldman Sachs in 2003) as a Senior Economist, before being named Chief Economist in 2003 and Chief Economist and Head of Macro Strategy Australia and New Zealand in 2010. After a 15 year career with Goldman Sachs, Tim joined Ellerston Capital in March 2017 as Chief Economist within the Global Macro Team.
Tim has a Bachelor of Commerce degree from the University of Melbourne (Honours in Economics) and a Masters of Economics also from The University of Melbourne.