Zenith executive signs on to consultancy firm
Zenith Investment Partners’ Daniel Liptak has joined newly-established specialist institutional consulting firm ZG Advisors (ZGA).
Liptak will vacate his role as Zenith head of alternatives research to head ZGA as chief executive, while David Smythe, a co-founder and director of Zenith, will act as a non-executive director. The business will obtain, and operate under, its own Australia financial services licence.
ZGA will utilise the global alternatives research and resources of Gottex Fund Management, the majority shareholder in the venture.
According to Liptak, ZGA will also leverage some of the crossover with Zenith, particularly when it comes to sharing ideas on Australian alternative assets.
He added that it will be business as usual at Zenith, with Smythe continuing his role as director.
The consultancy will focus on tailored solutions for alternative assets based on strategy types, regional focus, liquidity, risk tolerance and fee load constraint, ZGA stated.
“ZGA clients will have access to unrivalled expertise in global and domestic hedge funds which will lift the covers on transparent due diligence,” Smythe said.
Recommended for you
Bell Financial Group has appointed a chief investment officer who joins the firm from Clime Investment Management.
Private markets funds with “unattractive practices” could find themselves facing enforcement activity with ASIC chair Joe Longo stating he cannot rule it out in the future.
Despite ASIC concerns about private credit funds being accessed via the advised channel, there are questions regarding how high its usage actually is among financial advisers.
Challenger has looked to the superannuation industry for its appointment of a group chief investment officer, a newly-created role.
