IML founder Tagliaferro to retire
Industry veteran and Investors Mutual (IML) founder, Anton Tagliaferro, has announced he will retire in March 2023.
This would coincide with the firm’s 25th anniversary, having been founded as a value fund management house in 1998.
Prior to joining IML, Tagliaferro worked at Prudential and Perpetual where he managed the Industrial Share fund.
He said: “I believe that now is the right time to hand over to the next generation at IML. I know I leave our clients in safe hands with every confidence in the team’s ability to generate healthy returns moving forward.”
His departure followed a period of succession planning by IML which saw a majority stake acquired by Natixis Investment Managers and former Natixis IM chief executive for Australia, Damon Hambly, taking over as IML CEO.
Commenting on Tagliaferro’s exit, Hambly said: “I would like to thank Anton for his significant contribution to IML. Under Anton’s leadership, IML investors have benefited from the consistent and true-to-label ‘quality and value’ investment style that Anton has embedded into the business.
“While in some ways it is the end of an era, we are pleased that Anton is handing over to an experienced team of investors who have all been working with him at IML for well over a decade.”
He would also step down as co-portfolio manager of the QVE portfolio for QV Equities and his portfolio management responsibilities would transition to Simon Conn and Marc Whittaker, an Australian Securities Exchange statement said.
AUTHOR
Laura Dew
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