Pinnacle Investment Management has appointed Alex Ihlenfeldt to the role of chief operating officer (COO) as the firm expands its capacity and grows its third party distribution network.
Ihlenfeldt is no stranger to the company, having played a significant role in the initial establishment of Pinnacle in 2006 and being a non-executive director from 2006 to 2009.
He has spent the last ten years at Wilson HTM Investment Group, firstly as COO and most recently as head of wealth management.
In this new role, Ihlenfeldt will work closely with managing director, Ian Macoun, to facilitate the strategy of the business. Ihlenfeldt will also engage with affiliated investment and fund managers to enhance the firm’s reputation.
“There is no doubt that Alex will be highly effective immediately as we look to consolidate and further expand our market position, plan our future and implement those plans,” Macoun said.
Pinnacle’s total funds under management had more than doubled to $9 billion in a period of 18 months since 30 June, 2009.
