Published by Gbaf News
Posted on December 9, 2017
4 min readLast updated: January 21, 2026
Adrian Lee & Partners (“AL&P”), the leading active currency manager for institutional investors has hired Keith Kelsall as Senior Portfolio Manager. This appointment follows recent mandate wins from US institutional investors which has brought AL&P’s assets under management to $15 billion.
Keith joins AL&P as a senior member of the portfolio management team, with a focus on business development for the firm’s currency strategies, including the soon to be launched absolute return fund. He will also support further development of the firm’s international fixed income business.
Keith has over 25 years’ experience in portfolio management. Most recently he was an investment director at Aviva Investors specialising in fixed income and private debt strategies. Prior to that he worked at Barclays Global Investors (now Blackrock) as a fixed income strategist responsible for developing global bonds, corporate bonds and absolute return strategies.
AL&P’s wins this year include a $2 billion mandate from the Alaska Permanent Fund Corporation and another $2 billion mandate from the Oregon Public Employees Retirement System.
Adrian Lee, President and CIO, said:
“This year has seen significant US investor interest in currency management. AL&P attracted over $4 billion in new mandates from US institutional investors during 2017. The appointment of Keith to the portfolio management team will ensure the continuation of this success. He brings decades of experience in portfolio management and business development that will help enhance our offerings and growth potential. As central bank policies continue to diverge we’re seeing increasing demand from investors seeking to balance their currency risk whilst remaining open to achieving added value through smart currency management.”
Commenting on his appointment Keith said:
“Adrian Lee and Partners has an enviable record of delivering sophisticated currency strategies to institutional clients, with a long history of positive performance. I’m very much looking forward to working with Adrian and the team to further the firm’s growth and to continue building the case for active currency.”
Adrian Lee & Partners (“AL&P”), the leading active currency manager for institutional investors has hired Keith Kelsall as Senior Portfolio Manager. This appointment follows recent mandate wins from US institutional investors which has brought AL&P’s assets under management to $15 billion.
Keith joins AL&P as a senior member of the portfolio management team, with a focus on business development for the firm’s currency strategies, including the soon to be launched absolute return fund. He will also support further development of the firm’s international fixed income business.
Keith has over 25 years’ experience in portfolio management. Most recently he was an investment director at Aviva Investors specialising in fixed income and private debt strategies. Prior to that he worked at Barclays Global Investors (now Blackrock) as a fixed income strategist responsible for developing global bonds, corporate bonds and absolute return strategies.
AL&P’s wins this year include a $2 billion mandate from the Alaska Permanent Fund Corporation and another $2 billion mandate from the Oregon Public Employees Retirement System.
Adrian Lee, President and CIO, said:
“This year has seen significant US investor interest in currency management. AL&P attracted over $4 billion in new mandates from US institutional investors during 2017. The appointment of Keith to the portfolio management team will ensure the continuation of this success. He brings decades of experience in portfolio management and business development that will help enhance our offerings and growth potential. As central bank policies continue to diverge we’re seeing increasing demand from investors seeking to balance their currency risk whilst remaining open to achieving added value through smart currency management.”
Commenting on his appointment Keith said:
“Adrian Lee and Partners has an enviable record of delivering sophisticated currency strategies to institutional clients, with a long history of positive performance. I’m very much looking forward to working with Adrian and the team to further the firm’s growth and to continue building the case for active currency.”
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