Rothschild builds for expansion
Rothschild Australia Asset Management (RAAM) has announced that as part of expansion plans it has made two major appointments, one each side of the Tasman.
Rothschild Australia Asset Management (RAAM) has announced that as part of expansion plans it has made two major appointments, one each side of the Tasman.
Andrew Davies, previously RAAM’s New South Wales adviser services state manager, has been appointed national senior manager for the research relationship management team.
Head of RAAM adviser services, Stephen Karrasch, says Davies will take on the responsibility for managing relationships with the major independent and dealer based researchers.
“There has been a rapid increase in the number of clients and related technical de-mands and a growing interest in Rothschild funds in recent times,” Karrasch says.
He says Davies’ new position was established to meet the growing demands of re-search houses in the retail market.
“Andrew brings with him experience in relationship management and development from both the funds management and research side of the industry.”
At the same time RAAM has added to its New Zealand team as part of the drive to re-establish the brand across the Tasman.
Bronwyn McGinity has been appointed manager adviser services to the New Zea-land market.
While McGinity will be based in Sydney, Neville Giles of FMS Partners will pro-vide her with support from New Zealand.
McGinity was previously an adviser services executive in New Zealand before moving to Sydney in 1999 to take up a role with RAAM’s adviser development team.
Karrasch says the appointment demonstrates RAAM’s commitment to the New Zealand market.
“The growth of wrap services and master funds has been positive for business, as has the alliance with Putnam Investments for the management of international eq-uities,” Karrasch says.
“We intend to offer sustained support for financial advisers and other intermediar-ies and believe our business will continue to benefit from efficiencies of invest-ment in technology and e-commerce.”
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