Australian specialist trustee company, Equity Trustees, has appointed new leaders to its in-house asset management function following a review earlier this year.
Darren Thompson will take up the position of head of asset management, and Chris Haynes the position of head of Australian equities, effective 1 October 2018, Equity Trustees said.
They will be based in Melbourne and bring decades of experience in managing large-scale portfolios, the company said.
“We’re delighted to announce these appointments following a deep analysis of how Equity Trustees can deliver the best outcomes for clients who entrust us with their funds, and rely on us for income from those funds,” said Mick O’Brien, managing director, Equity Trustees.
“Darren co-founded Northward Capital in 2007 after moving from IAG Asset Management. He brings to Equity Trustees 30 years’ experience and proven success in the evaluation, structuring and execution of investments, leveraging analytics and commercial insight to deliver excellent investment returns to clients.
“Chris brings over 25 years’ experience in investment and portfolio management. His proven track record of consistently over benchmark results, as well as his people management and team building skills, ensures a positive injection of talent to our business.”
The pair, who have worked together since 2013, will be responsible for the management and development of the Equity Trustees’ asset management business, responsible for $3.6 billion of funds under management.
“As a contemporary trustee company, we must constantly adapt to the changing needs of our clients and markets. We have built our success over 130 years, and these appointments reflect our commitment to continue to invest in our asset management capability for the benefit of our clients,” O’Brien said.