Another ADAM exec joins Trust

Trust Companyhas set in place the final stage of its push to expand external distribution of its Australian equity products with the appointment ofAllianz Dresdner Asset Management(ADAM) senior manager retail business Peter Adaley.

Adaley, who will assume the role of Trust national distribution manager, joins his former ADAM associate Anthony Sider, who started with the group in early October as general manager and given a brief to push the external distribution of the group’s flagship Australian equities product - the Trust Imputation Fund.

Working closely with Sider, Adaley will be entrusted with increasing the external profile of Trust’s funds and equity products within the mezzanine and institutional markets.

Adaley has 20 years business development experience in funds management and has worked for First State, Westpac Financial Services and as already mentioned, Allianz Dresdner Asset Management.

“Trust has a great business, a specialised team and a strong performing flag ship fund. It’s a robust foundation and now we need to take our products to the market,” Adaley says of his new appointment and employer.

The latest appointment bolsters recent moves by the group to enhance it operations and includes the expansion of its investment team to six specialists.

The investment team, which manages $400 million in Australian equities funds under management, is jointly managed by Jim Reid and Steven Marsh.