Just 10 months after Barry Sheehan was named managing director at Tyndall Investment Management, the company has announced a new person for the role following SheehanÆs decision to step aside due to a sports injury.

Brett Himbury assumes control of the Australian investment house which manages A$9.2 billion ($7.2 billion) of funds for institutional, superannuation and private clients. Himbury makes the move internally within the Promina Group where he was previously chief operating officer of the financial planning division, Asteron.

Sheehan replaced long-serving Tyndall managing director Michael Good in March, but stepped aside in October after suffering health-related complications from an injury he received in the gym which restricted his mobility.

ôAs a result of the injury I have undergone surgery twice this year and I am receiving ongoing treatment,ö Sheehan said back in October, announcing that he would move into an executive directorÆs role. ôThe solution of creating a new role for myself at Tyndall helps me to manage my personal situation and allows me to continue my commitment to the changes needed to create a dynamic future for Tyndall.ö

Sheehan had been writing a new business plan and strategies for Tyndall.

For Himbury, the appointment is a change for the good, putting him on the right side of a restructuring. He has lost two jobs in the past due to corporate reorganisations. He joined Asteron in June 2005 because his old role as head of the Commonwealth BankÆs financial planning division was transferred into the new Colonial First State business. Prior to that, he worked for Westpac running its internal dealer group but this job also evaporated when the operations were rearranged following the BT takeover.

Tyndall specialises in investments in Australian shares, Australian fixed interest and international fixed interest.