Bennelong Funds Management has expanded its distribution team to keep up with recent growth by appointing Roger Phipps as director of distribution, based in Melbourne.
Phipps replaces Andrew Aitken, who has been promoted to the role of head of distribution.
He has previously held a number of senior distribution roles at MAB Funds Management, Legg Mason Asset Management and HSBC Asset Management.
Chief executive Jarrod Brown said the recent addition of Avoca Investment Management, together with the success of its existing partnerships had driven the need to expand the group’s distribution team.
“As a product of our growth, Andrew has rightly assumed responsibility for distribution across all channels,” Brown said.
“He has been performing this function exceptionally for some time, but we felt it important to both formalise the position and recognise his contribution to our continued growth and success,” he added.
