Fund manager PM Capital has expanded its intermediary distribution team in regional Australia.
Ivor Kay was appointed as regional manager in Brisbane on 12 August, responsible for advisers in Queensland and Western Australia.
He joins PM Capital from State Street Global Advisors (SSGA) where he spent six years as a regional manager for Queensland and Western Australia, and was previously the head of sales for Queensland at AMP for six years.
Luke Cheetham, director of distribution at PM Capital, said: “We are thrilled to have Ivor join the PM Capital team. His expertise and deep understanding of the financial services industry will be invaluable as we continue to work with Queensland and WA-based advisers.
“Ivor’s appointment underscores our commitment to serving the growing demand in the two regions, and delivering exceptional support to our clients.”
Kay remarked: “The team genuinely offers a differentiated investment proposition, and I am excited to grow our impact in both WA and Queensland. I’ll be joining a client-focused fund management business that has delivered industry-leading returns for investors.”
PM Capital was founded in 1998 but was acquired by alternative fund managers Regal Partners in November 2023.
There have been numerous distribution appointments since the start of the year in the fund management space, many of which focus specifically on the intermediary market.
Last week, Federated Hermes appointed Elizabeth White as associate director of business development for Australia, joining from Credit Suisse Private Bank.
Prime Value appointed Mark Jordan as head of distribution, who joined from Magellan Financial Group, and a distribution director in Julia Desimone. Desimone was previously the state manager for Victoria, Tasmania and South Australia of Investors Mutual.
Janus Henderson appointed a retail sales director from T. Rowe Price in Adam Cassidy, and Craig McDonald to the newly created role of head of retail research for Australia. This will see him be responsible for managing Janus Henderson’s relationship with key decision-makers across partnered research houses, as well as managing and overseeing the firm’s New Zealand distribution efforts in the intermediary channel.
Finally, PineBridge Investments appointed Nicolas Kopitsis as the head of intermediary distribution for the APAC and EMEA regions.
