Acadian Asset Management has appointed a Sydney-based executive to strengthen its relationship with institutional investors across Australia and New Zealand. Matthew McLenaghan has been appointed senior vice president, business development, institutional and will report to Gill Savage, chief executive of Acadian Australia and head of Asia Pacific. In his new role, McLenaghan will expand institutional client relationships across Australia and New Zealand by working closely with Acadian's distribution, client service and investment teams. He will also contribute to the firm's long-term distribution strategy and provide strategic support to key institutional accounts, Acadian said. He joins from PIMCO, an organisation where he spent more than a decade, most recently as its senior vice president and account manager.