Managed Accounts Holdings appoints head of product
Managed discretionary account operator Managed Accounts Holdings Limited has announced it has appointed Macquarie Group's Trevor Fisher to the newly-created head of product.
Fisher's role will be to deliver the initiatives and functionality set out by the company for the financial year. He will report to chief executive officer David Heather.
Fisher has 20 years' experience in the financial services industry, including 13 years in the managed accounts field.
Fisher was head of Macquarie Private Portfolio Management for almost two and a half years. Before that he was head of implementation at Macquarie Group for 11 years.
Prior to Macquarie Group, Fisher was Australian Equities Dealer at AMP for six years.
The appointment coincides with the Board's decision to pay its first quarterly dividend in November.
According to the company's prospectus and annual report, its record net inflows of $107 million for the September quarter has led to its decision to pay a dividend of $0.002 per share in November.
Funds under administration stood at $1.168 billion at the end of September, despite a fall in the S&P/ASX 200 accumulation index.
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