Hooper joins boutique manager
Former head of Advance Asset Management Russell Hooper has been named chairman of startup Australian investment company Castle Capital Management.
Former head of Advance Asset Management Russell Hooper has been named chairman of startup Australian investment company Castle Capital Management.
Fellow board members George Birch, Peter Lyon and Jop Werle will join Hooper in the new venture. Birch currently heads investment broking group Bendalong, while Lyon is a former executive with Pembroke and Hudson Securities.
Castle Capital Management will focus on both retail and wholesale investment ve-hicles in “markets not readily accessible to Australian investors,” according to Hooper.
The new group hopes to release details of the first of these vehicles shortly.
Hooper resigned from his position as managing director of the St George owned Advance Asset Management last September, an announcement which prompted a major restructure of the group. According to research house InvestorSource, funds under management at the group had dropped from $3.6 billion in late 1997 to $2.5 billion last September. The drop prompted InvestorSource to place a hold recom-mendation on the group, while another of the research groups, Assirt, downgraded its rating for Advance to ‘not rated’.
Recommended for you
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
