Macquarie Funds Management (MFM) received four senior staff resignations yesterday with two of the defectors departing to join former head of the division David Deverall atPerpetual Trustees.
The resignations were split between the sales and equities teams with head of distribution and institutional sales – Fiona Dunn and Matt Perrignon respectively – departing the former, while head of equity research and qualitative equity research – Dr. Phil Dolan and Steve Guibin respectively – left the equities team.
Dunn and Perrignon will joinPerpetual Investments, however it is unknown at this stage the roles they take will assume under group head Gerard Doherty.
Meanwhile Macquarie has moved to plug the gaps left in its operation following yesterday’s revelations by reshuffling a number of roles to accommodate the changes.
The group says it will only actively seek a replacement for Dunn, with group head Ben Bruck who replaced Deverall back in September assuming all account management responsibilities in the meantime. Bruck will be assisted in the area – following Dunn and Perrignon’s resignations – by account managers Doug Bryden, Greg Johnson and Peter Gillespsie, who only recently joined fromAMP Henderson.
In the equities team, portfolio manager Geoff Wells moves into Guibin’s vacant role as head of qualitative equity research, with analyst Mark Malouf stepping into Well’s position as a portfolio manager.
It is understood Guibin has left to assume a new position atSchroder Investment Management Australia, while Dolan, whose background is in academia, has accepted a professorship in finance at Macquarie University.
Dolan intends to consult to the group on a part-time basis in addition to his new role, which will see him running Macquarie University’s applied finance programme. Anthony Street, who worked alongside Dolan, will assume his product manufacturing responsibilities.
